Short term capital gain on Mutual Fund
This query is : Resolved
Nirpendra Singh
(Querist)
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
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