Kindly let me know the income tax implications in following categories:
1) STCG & LTCG for liquid funds
2) STCG & LTCG for low duration funds like templeton India low fund.
regards
(anurag kumar)
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Income tax implications
Replies (1)
If listed on recognised stock exchange--
STCG 15%
LTCG Exempt
If not listed on recognised stock exchange--
STCG As per slabs
LTCG 10% without indexation, 20% with indexation
No such special treatment for liquid funds in act.
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