MY COMPANY HAD PURCHASED UNITS OF TEMPLETON MUTUAL FUND ON 28/5/2010 AND SOLD THEM ON 28/11/2011.
SALE PRICE-27818743/-
PUR COST- 25000000/-
THE ONLY INCOME MY COMPANY HAS IS BY PROFIT ON THOSE MUTUAL FUND = 2820613/- AND EXPENSES = 22100/-.
I HAVE B/F LOSSES OF RS 230252/- AND CG LOSS OF 1522730/- IN THE PREVIOUS YEARS.
WHAT WOULD BE THE MAT TREATMENT AND THE TAX LIABILITY?
ALSO CAN THERE BE ANY TAX PLANNING FOR IT?
CAclubindia
