Suppose I invested INR 10000 in a Equity mutual Fund scheme in 2008 and in Financial Year 2016-2017 I reedemed it getting INR 25000 as total value of mutual fund making a profit of 15000 in the scehem. Then will this 15000 be taxed and if yes then how?
Similarly for shares.
Do I need to show Long Term Capital Gains in ITR?
If I buy & sell shares within 12 months then I need to pay Short Term Capital Gains Tax or the profit is calulcated as my Individual Income?
Suppose I purchased shares worth INR 10000 in Dec 2015 and sold them for INR 15000 in May 2016. Then this will be Short Term Gains? How much tax I will have to pay in this regard?
What is unindexed and indexed Long Term Capital Gains?
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