Taxation on debt funds for non working
This query is : Resolved
09 November 2024
My wife is not working.. She has got some money from ancestral property and invested in debt funds in 2023dec. Now the debt fund is making capital gains of 8 lakhs.. We are thing to withdraw the money. How much tax should she pay?
If my wife keeps making 8 lakhs from debt fund every year, how much tax does she have to pay considering she is not working.
If my wife keeps making 8 lakhs from debt fund every year, how much tax does she have to pay considering she is not working.
09 November 2024
It will be short term cap gain; taxable at slab rate. Tax around Rs.31,200/- (considering no other income).
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