SIP Investment taxable as capital gain or not
This query is : Resolved
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
my client investment in SIP. these investment taxable as capital gain pls reply as soon as possible
Regards
Amit Kumar Agarwal
Tax Consultant
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
Regards
Amit Kumar Agarwal
Tax Consultant
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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