sec 80 c
This query is : Resolved
23 September 2009
suppose ram pur. mutual fund for rs. 10000 in may 08 and claim deduction in 80c in a.y.09-10 and submitt the return in july.09
and now he sold the fund and receive 12000 in sep.09 . Is the ded. of 80c has to be withdrawn and what is the tax treatment for the gain of rs. 10000
Is it would be exempt as LTCG u/s 10(38)
or taxable @20 %.
please reply if anyone has the answer
and now he sold the fund and receive 12000 in sep.09 . Is the ded. of 80c has to be withdrawn and what is the tax treatment for the gain of rs. 10000
Is it would be exempt as LTCG u/s 10(38)
or taxable @20 %.
please reply if anyone has the answer
23 September 2009
There is no need to get the deduction withdrawn for the assessment year 2009-10.
It shall be taxable @ 20%
It shall be taxable @ 20%
23 September 2009
It shall not be taxable provided STT paid by mutual fund on REDEMPTION.
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