Tax calculation

This query is : Resolved

santosh (Querist)
Follow

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.

Santosh Mishra

Santosh Mishra (Expert)
Follow

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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

16 August 2023 Depends upon type of scheme, whether equity oriented or debt?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Phani

Rasheed Mohd Abdul

shreesh acharya

Sagar Goyal

suresh kotte

Subscribe Now

Tax calculation

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

GST CONSULTANCY

Manager- Finance and Compliance

CA Final

GST CONSULTANT

Accountant