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Sip in share market
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.
Replies (2)
Quick Summary
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
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...
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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