Profit on sale of Mutual Fund
This query is : Resolved
27 September 2009
Mr "A" earned Rs. 15000/- as STC Gain and Rs. 100000/- as LTC Gain on sale of Mutual Fund. My query is that does this gains are Related to Security Tra. Tax and taxed at special rate of 15% (STCG) and TF (LTCG) or these transction are not related to Security Transaction Tax
28 September 2009
15000 stcg taxed at sp. rate 15% but LTCG IS exempted provided stt paid.
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