Tax on Mutual Fund
This query is : Resolved
28 June 2010
Dear all
I have purchased Sundaram BNP Paribas Mutual Fund on dated 23.05.2008 and Birla Sun Life Mutual Fund (SIP @Rs.1000/- per month) SIP Start 14.07.2008
I have sold both Mutual Funds on 31.10.09 and net gain earn Rs.12,344/- now my question is what is my tax liability?
I have purchased Sundaram BNP Paribas Mutual Fund on dated 23.05.2008 and Birla Sun Life Mutual Fund (SIP @Rs.1000/- per month) SIP Start 14.07.2008
I have sold both Mutual Funds on 31.10.09 and net gain earn Rs.12,344/- now my question is what is my tax liability?
28 June 2010
Has STT been paid on the sale?
28 June 2010
Has STT been paid on the sale of the same?
28 June 2010
You have to calculate Gain on FIFO method. Tax is NIL on those transactions have been sold after one year period holding and 15% capital gain tax on net in other transactions
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