Taxability of redemption of mutual fund- dividend plan
This query is : Resolved
20 June 2014
Hi
I Need some help about the taxability of amount received on Redemption of Mutual fund-Dividend Plan. after one year
It is dividend plan not growth plan
Whether amount received on redemption of mutual fund is taxable or non taxable.
Pls let me know.
I Need some help about the taxability of amount received on Redemption of Mutual fund-Dividend Plan. after one year
It is dividend plan not growth plan
Whether amount received on redemption of mutual fund is taxable or non taxable.
Pls let me know.
20 June 2014
if your mutul fund is equity base and trading in market hold more than one year on sale you pay STT then capital gain will exempt
if hold not more than one year then it will be taxable as short term capital gain @ 15%
if hold not more than one year then it will be taxable as short term capital gain @ 15%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Transporter Declaration form
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Multiple trade mark
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
