If I sell off my holding of mutual fund, index fund, ELSS,share after 3 years and above, -
1. will the profit be taxable under capital gain tax or income tax act?
Menu
Regarding taxation in Mutual Funds
Replies (3)
Yes it will be taxable under CG
LTCG tax is applicable @ 10% if capital gain exceeds Rs. 1 lakh a year and no indexation benefits.
Thank u very much sir
Recent Threads
- AGM WITH SHORTER NOTICE
- 15CA/15CB Bulk Filing Automation Tool – Need
- GSTR 9 FY 2023-24 LATE FEE
- Should we go under Section 59 of IBC or Section 27
- HUF'S ISSUE
- Gst interest and penalty doubts
- TDS RATE ON RENT FOR NRI
- NBFC costing
- Taxablity of GSLI under Income Tax
- Final new course clarification
Related Threads
CAclubindia
