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Tax on income from mutual fund - urgent

This query is : Resolved 

21 March 2014 Hello Sir,
A client has invested in BNP Paribus Mutual Fund - Daily Dividend Scheme.
Where he receives Dividend in form of units. No cash outflow.

He purchased 209 units for Rs.2,00,000.
Sold 230 units for Rs.2,32,000 within 1 yr.

These are the only 2 amounts reflecting in Pass Book regarding Mutual Funds.
Papers of Mutual Funds are not available with client and he isn't bothered.

Now out of Rs.32,000 how shall I determine the Dividend exempt and Short Term Capital Gains.

Thanks in Advance.

25 March 2014 His Mutual Fund Account statement can be requested from the Mutual Fund Company.

Your clients MF Distributor can also help in this regard.

The Account statement will have clear mention of the dividend amount. Balance would be capital gains.


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