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Section 111A (STCG of DEBT Mutual Fund)

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Jyotika (Querist)
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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

Ravikant

Ravikant (Expert)
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17 January 2011 It falls under section 111A and will be taxable at special rate of 15% (section code : 1A)

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CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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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

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