Short term capital gain on Mutual Fund
This query is : Resolved
15 July 2010
Whether short term capital gain on Mutual fund is taxable???
15 July 2010
Short term capital gain (STCG) on mutual fund is always taxable. there are two types of mutual funds
1. equity oriented fund... STCG is taxed at 15%(section 111A)
2. Debt Fund... STCG is calculated at normal rate of tax
For the above mentioned rates Surcharge if any and EC and SHEC should be added
1. equity oriented fund... STCG is taxed at 15%(section 111A)
2. Debt Fund... STCG is calculated at normal rate of tax
For the above mentioned rates Surcharge if any and EC and SHEC should be added
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Not able to file ITR
- Booth for sales promotion
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
