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SIP Investment taxable as capital gain or not

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Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2011
my client investment in SIP. these investment taxable as capital gain pls reply as soon as possible

Regards
Amit Kumar Agarwal
Tax Consultant

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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06 February 2011 Redeeming the invesrment will attract capital gains tax.

Querist : Anonymous

Querist : Anonymous (Querist)

06 February 2011 my client investment in monthly sip plan. how can treat its a long term capital gain or short term capital gain. pls help with brief notes. thanks

Regards
Amit Kumar Agarwal
Tax Consultant

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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06 February 2011 More than 12 months may be treated as long term. For this month wise deposit may be taken and counted to determine the tenure of the deposit.

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