Sale of Equity Oriented Mutual Funds

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This discussion clarifies the tax treatment for equity-oriented mutual fund redemptions where Securities Transaction Tax (STT) was not paid. Unlike sales where STT is applicable and taxed at 15% under Section 111A, redemptions without STT are taxed at the individual's slab rate. The user is seeking confirmation on whether this understanding is correct and how to report it in their tax return.

Sayantan Chakraborty

Sayantan Chakraborty (Querist)
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23 April 2024 Hello there,
My question is I redeem some Mutual funds (say 100000/-) where STT is not paid . According the provition of 111A Tax cannot be levy @ 15 % (STCG) . its Taxable on Slab Rate.
am I right ?
In Itr page of capital gain should I shown it