Income tax deduction

My mother has nil income from begining and now she is 65 years old. 10 years ago 10 thousand rupees were invested in Sahara India on her name and now this money is around 30 thousand and when we tried to get this, they are deducting 3 thousand rupees and I am not sure if this can be avoided and whats form 13 and how it can be used.

 

Replies (1)

Investement in what exactly ...the tax dedcuted is capital gains tax for sure

capiytal gains can be from assets or stocks ....long term and short term capital gains vary as per that 

...if one holds stocks etc for more than a year and then sells it , then it long term capital gains and tax @ 10% would be deducted 

However ,since her total income is below 2 lakhs(more in case of a senior citizen - not sure of the limit ) ,she can file return in this case and claim refund .

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