sale of mutual funds
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2010
If I have sold mutual funds and earned capital gain of Rs. 100000 then on this 1 lakh I have to pay income tax. So my query is when I have to pay this tax?
Also, when I have to pay securities transaction tax? Is there any option to not to pay securities transaction tax?
Please reply ASAP.
Also, when I have to pay securities transaction tax? Is there any option to not to pay securities transaction tax?
Please reply ASAP.
19 September 2010
if it is short term answer is yes and long term than no capital gain tax on the same..
u r not required to pay any STT on the same.
u r not required to pay any STT on the same.
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