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Sip in share market


Singh Kamboj   13 October 2020

Singh Kamboj

 13 likes  318 points

| My Other Post
when assessee make sip monthly in share market and after some time he /she obtain money regarding such sip then how can I deal with these transactions. the amount of sip is deducted from the saving account of the assessee.
ayusmita

ayusmita (Tax consultant)     13 October 2020

ayusmita
Tax consultant 
 375 likes  5595 points

View Profile | My Other Post
Is it tax free then you will able to get deduction on monthly sip then when the maturity the profit you gain is your capital gain and will show in capital gain
Mandala Hemanth

Mandala Hemanth   13 October 2020

Mandala Hemanth

 2 points

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1) it's all depends upon the type of security ur choosing and time conset..
2) in case if u choose elss schemes or some specified government bonds u will get some benifits upto specified limits like elss upto 150000 u can deduct this amount from your total income and so on...
3) in case after some time if u obtain any money regarding sips u have to pay capital gain tax on such amount if it exceeds basic exemption limit...

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