Section 111A (STCG of DEBT Mutual Fund)
This query is : Resolved
17 January 2011
Dear Sirs,
Kindly Clarify whether Short Term Capital Gains (STCG) of DEBT MUTUAL FUND comes under Section 111A or not. Where should I mention this in ITR-2 whether in (3ai) or (3aii)? Please clarify.
STCG of DEBT MUTUAL FUND is clubbed with Total Income and Tax is calculated as per the Tax Slabs.
Is the above is correct? Should I mention this in (3ai) or (3aii) of ITR-2. Please reply.
Jyotika
Kindly Clarify whether Short Term Capital Gains (STCG) of DEBT MUTUAL FUND comes under Section 111A or not. Where should I mention this in ITR-2 whether in (3ai) or (3aii)? Please clarify.
STCG of DEBT MUTUAL FUND is clubbed with Total Income and Tax is calculated as per the Tax Slabs.
Is the above is correct? Should I mention this in (3ai) or (3aii) of ITR-2. Please reply.
Jyotika
17 January 2011
It falls under section 111A and will be taxable at special rate of 15% (section code : 1A)
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17 January 2011
Debt Mutual Funds :
STCG of DEBT MUTUAL FUND is clubbed with Total Income and Tax is calculated as per the Tax Slabs.
*
In Form No 2 - Part B TI-3aii
STCG of DEBT MUTUAL FUND is clubbed with Total Income and Tax is calculated as per the Tax Slabs.
*
In Form No 2 - Part B TI-3aii
Message likes :
1 times
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