HUF Income tax if entire income is STCG?

In an HUF account, entire income is from STCG and it is 3 lakhs. So, 2.5 lakhs will be exempt under basic tax limit.

Will the balance be taxed at 5% tax rate (as per tax bracket) of 15% (because it is short-term capital gain)?

Thanks! 

Replies (3)
Quick Summary
This discussion clarifies the income tax implications for a Hindu Undivided Family (HUF) where the entire income of 3 lakhs is from Short-Term Capital Gains (STCG). The query centres on whether the balance income after the basic exemption limit is taxed at the standard slab rate or the 15% STCG rate. The consensus is that STCG from debt mutual funds held for less than three years is taxed at the applicable slab rate, not the 15% rate reserved for equity-related STCG.

If the STCG is from equity related units/shares, tax rate 15%;   otherwise as per slab rate.

It is from debt mutual fund - held for less than 3 years and hence STCG. Thank you.

 

You are welcome.               

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details