Tax on gain

This query is : Resolved

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)
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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)
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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)
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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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