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Debt mutual funds held less than 3 years

ITR 241 views 5 replies

Where to show income earned from Sales of Debt Mutual Funds held less than 3 years? I believe it will be STCG and get added to the taxpayer income. But how to add and where?

Should we fill ITR2 - > Schedule CG -> A5 for entering this income?

Or

Should this be entered in Income from Other Sources?

Replies (5)

It will be taxable under head Capital gain

Amount received - Brokerage - Purchase cost & if STT paid then taxable as per slab or else @ 15%

Originally posted by : Ruchika Somani
It will be taxable under head Capital gain

Amount received - Brokerage - Purchase cost & if STT paid then taxable as per slab or else @ 15%

In which Section and Sr No to enter in Schedule CG of ITR2?

Originally posted by : J S BHAVSAR



Originally posted by : Ruchika Somani



It will be taxable under head Capital gain

Amount received - Brokerage - Purchase cost & if STT paid then taxable as per slab or else @ 15%





In which Section and Sr No to enter in Schedule CG of ITR2?

Total Income

3(a)(1)

Originally posted by : Ruchika Somani

Originally posted by : J S BHAVSAR

Originally posted by : Ruchika Somani
It will be taxable under head Capital gain
Amount received - Brokerage - Purchase cost & if STT paid then taxable as per slab or else @ 15%

In which Section and Sr No to enter in Schedule CG of ITR2?

Total Income 3(a)(1)

Total Income 3(a)(1) --- That is for Part B TI - TTI....my question is different.

STCG on debt funds is fully taxable taxable and added to income.

So my question in Schedule CG which section row Sr No should the STCG from debt fund details be entered.

 

 we Should  fill ITR2 - > Schedule CG -> A5 for entering this income
 


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