26 November 2013
1. Long term capital gains (LTCG) on units (Held for more than 12 months) of equity oriented funds is exempt. . 2. In case of LTCG on units of funds other than equity oriented, indexation is allowed. Tax has to be paid @20% . 3. For units held for 12 months or lesser period, STCG can be calculated by deducting the cost from the sales consideration or repurchase price. .
26 November 2013
Para 2 and 3 in my above reply are applicable. . Ascertain the year of each purchase. Also ascertain the amount invested. Find out indexed cost of acquisition and deduct the same from the sales consideration. .
CAclubindia
