Yes sir. I did read this. The post is just saying Mutual Fund. The post is not specifying whether it is DEBT or EQUITY Mutual Fund. I think STCG of Debt Mutual Fund does not fall under Section 111A. Only STCG of Equity Mutual Fund falls under Section 111A.
May I kindly request you to check on this. Only STCG of Equity Mutual Fund falls under Section 111A. DEBT Mutual Fund will not come under Section 111A.
Sorry if I am bothering you much. But I need your expert opinion. Thanks.
Yes sir. I did read this. The post is just saying Mutual Fund. The post is not specifying whether it is DEBT or EQUITY Mutual Fund. I think STCG of Debt Mutual Fund does not fall under Section 111A. Only STCG of Equity Mutual Fund falls under Section 111A.
May I kindly request you to check on this. Only STCG of Equity Mutual Fund falls under Section 111A. DEBT Mutual Fund will not come under Section 111A.
Sorry if I am bothering you much. But I need your expert opinion. Thanks.
Under Section 2(42A) of the Act, a unit of a mutual
fund is treated as short-term capital asset if the same
is held for less than 12 months. The units held for
more than twelve months are treated as long-term
capital asset
CAclubindia
