Tax calculation
This query is : Resolved
27 February 2013
Dear frns,
plz suggest me how to compute income tax in this case ............. I had taken A mutual fund investment 4 years ago, & i was paying 2000 per month from then. now after 4 yrs of it , i am going to receive 1,50,000 on its maturity then how to compute capital gain on this. whether is considered as LTCG or STCG? plz specify relevant section of Income Tax also.
plz suggest me how to compute income tax in this case ............. I had taken A mutual fund investment 4 years ago, & i was paying 2000 per month from then. now after 4 yrs of it , i am going to receive 1,50,000 on its maturity then how to compute capital gain on this. whether is considered as LTCG or STCG? plz specify relevant section of Income Tax also.
02 March 2013
The installments which have completed one year would be considered as LTCG and is exempt.
The installment which have not completed one year would be considered as STCG.
Requesting others for thier opinions.
The installment which have not completed one year would be considered as STCG.
Requesting others for thier opinions.
16 August 2023
Depends upon type of scheme, whether equity oriented or debt?
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