STP but no money paid out, do I need to report STCG
This query is : Resolved
30 July 2022
I had started an STP from debt mutual fund To transfer some units from it to equity mutual fund. my account is showing capital gain of 10,000 rs but no money was paid out as I did not redeem any unit of any mutual fund. Do I need to report it as short term capital gain
31 July 2022
Yes such capital gains has to be reported.
31 July 2022
Do I need to pay tax on it as well , even if no money was paid out to me?
31 July 2022
Yes, as conversion you realise the money and invested in other instrument.
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