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
Menu
Is redemption amount taxable?
Replies (4)
Not the redemption amount as a whole; but any accrued gain over the capital is taxable.
I can't understand Sir... 😢😢😢
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...
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
