A P.ltd company providing software services has following Other incomes during the year 2015-16-
Interest on FD - Rs.10,304/- & Rs. 57,100 as short term capital gain on sale of mutual funds.
Rs.1500 was paid as DP charges for maintaining investment in mutual funds, Is there any disallowance of expenses incurred on investments in mutual funds.
Rs.57,100 was not withdrawn during the year, it was reinvested in the account & purchased new securities during next financial year 2016-17.
At what rate and under head of income above are taxable.
CAclubindia
