ICICI BHARAT 22 FOF AND NASDAQ 100 FOF CAP GAIN TAX

I want to know the capital gain tax applicable for FY 2024 25 for sale of ICICI BHARAT 22 FOF AND NASDAQ 100 FOF both purchased in March 2024 and 15 JULY 2025 and sold within MARCH 2025 within 365 days.

Replies (2)
Quick Summary
This discussion clarifies the capital gains tax applicable to ICICI Bharat 22 FOF and Nasdaq 100 FOF when sold within 365 days of purchase in FY 2024-25. Both funds are treated as non-equity mutual funds, meaning any profit within this period will be considered Short Term Capital Gain (STCG) and taxed according to your individual income tax slab. The query also touches upon the specific schedule and section for reporting STCG in ITR2.

Both ICICI Bharat 22 FOF and NASDAQ 100 FOF are treated as non-equity mutual funds.
Since you’re selling within 365 days, the profit will be Short Term Capital Gain (STCG) and taxed at your applicable income tax slab rate for FY 2024-25 (no indexation).

If you want an exact calculation or tax-saving plan, you can use LegalDev’s Online CA Services – we handle such capital gains cases end-to-end so you don’t miss any deductions or exemptions.

Thks for your reply Sir.  One more query.  In ITR2 in which schedule it can be shown and in what section of STCG sir?

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