Tax on gain

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Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2014 Sir, I have purchased Birla sun life mutual funds in July-14 of rs-125000/-. Now they are value of Rs-210000/-. Market is running good & If I cash all these mutual fund, how much percent of tax I have to pay?

Amol S Joglekar

Amol S Joglekar (Expert)

27 November 2014 The gain shall be added to your income and as per your slab the income tax is required to be computed and paid.

Rupesh Jain

Rupesh Jain (Expert)

28 November 2014 its is short term capital gain and include in you another income and pay the tax.

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2015 Dear Sir,
My wife received interest on fixed deposit of Rs-50,000/- in F.y 14-15 & submitted Form-15H, hence no TDS deduct by Bank. I would like to know, Is she is liable for ITR return & what is ITR Form. Kindly suggest me.

Thanks

Amol S Joglekar

Amol S Joglekar (Expert)

30 June 2015 Although she is NOT liable to file the income tax return, it is advisable to file her income tax return.

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