How to working of shares & mutual fund , bonds ?
This query is : Resolved
02 August 2016
Dear Sir,
What is the simple working format for Shares & Mutual Fund , Bonds, Income tax purpose?
which is taxable & which is not taxable ?
What is the simple working format for Shares & Mutual Fund , Bonds, Income tax purpose?
which is taxable & which is not taxable ?
Prof. Bajaj
(Expert)
06 November 2016
Capital Gains Indian listed equity shares are tax free if held for more than 365 days. If held for less than 365 days, STCG tax of 15% is payable.
Same taxation applies for Equity oriented Mutual Funds.
Capital Gains on Debt Mutual Funds are taxed as per slab rates if sold before 3 years. If sold after 3 years, then 20% tax on capital gains using indexation.
For Bonds, capital gains is taxed as per slab rate if sold before 1 year. If sold after 1 year, then 10% tax without indexation or 20% tax with indexation.
Same taxation applies for Equity oriented Mutual Funds.
Capital Gains on Debt Mutual Funds are taxed as per slab rates if sold before 3 years. If sold after 3 years, then 20% tax on capital gains using indexation.
For Bonds, capital gains is taxed as per slab rate if sold before 1 year. If sold after 1 year, then 10% tax without indexation or 20% tax with indexation.
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