Menu
How to show sell of mutual fund
I have a sip of Rs 1000 per month since 2014 .This year I withdrawal Rs100000. 00 from my mutual fund. in income tax return how much will be my capital gains or I fill it in icome from other source
Replies (6)
It will be treated under the Capital gain head of the total income computation since you are holding the investment in the fund from 2014 all returns shall be taxed at the rate of 10% over and above 100,000/-
Sale price - Average cost will be treated as Capital gain.
How many units sold ?
If it comes long term capital gain then it exempt upto 1lac
How many units sold ?
If it comes long term capital gain then it exempt upto 1lac
Request for capital gain report from CAMS AND KFINTECH websites. And follow that only.
As per cams my capital gain is Rs 38500.oo only . please tell I have to tax on it or not
If the sale value and mutual fund scheme is matching, then the capital gains is 38500. Work out estimated Tax computation, so you will know better of your overall tax liability if any
@ Sanjay Sinha,
Following FIFO and assuming that it is LTCG and it is exempt
Following FIFO and assuming that it is LTCG and it is exempt
Recent Topic
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
Related Topics
CAclubindia
