Tax saving mutual fund sold

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2013 One of my client has sold units of SBI MAGNUM TAXGAIN SCHEME 1993-REGULAR PLAN(MUTUAL FUND)which was claimed earlier u/s 80c ON 26-7-2012 it was purchased between 2006-2009...and he got a loss of Rs.100181.69...what would be the treatment...and also if he got a profit then what will be the treatment ????
pls reply...its urgent

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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01 August 2013 whether it was equity oriented and debt oriented.

when it was sold.
wat was the cost.

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2013 its equity oriented....and it was sold on 26/07/2012....the cost is 118928.83(without indexation)

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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01 August 2013 then such loss cannot be set off if it was just an investing activity and also it was long term in nature.

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2013 ok....thank you

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