Gains on fmp

I have invested INR 1lakh in a FMP on 25Mar2014 which got redeemed on 07Apr2015 with a gain of INR 9,142.  My questions are

1) Is this gain to be treated as short term capital gain or long term capital gain (considering the change in taxation of debt mutual funds in July 2014) ?

2) Can I avail indexation benefit and claim capital loss, as my gain (i.e, 9,142) is less than the indexed gains (i.e, 15,122) as per CIIs of FY16 (1089) and FY14 (939)? 

 

Replies (1)

If it is redeemed on 7th April 2015 then it will be treated as short term capital gain as the changes are already effected in respect of fmp wef 10 July 2014.

Since it is Stcg, you cannot avail indexation benefit

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details