Dear Sir / Madam,
One of the Assessee got redemption from "Axis M/F Redemption" Rs. 9899 & KVB Redemption Rs. 25243.
This redemption is Taxable or Not under Income Tax...?
Will be add to Income or Not...?
Please urgent
Dear Sir / Madam,
One of the Assessee got redemption from "Axis M/F Redemption" Rs. 9899 & KVB Redemption Rs. 25243.
This redemption is Taxable or Not under Income Tax...?
Will be add to Income or Not...?
Please urgent
Not the redemption amount as a whole; but any accrued gain over the capital is taxable.
If Rs 100/- invested initially........ after certain period, when redemption amount received is 110/-. ..... tax liability arises over Rs.10/- (for bLTCG, after indexation) and not over total Rs. 110/-
Thank You sir...
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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