I had acquired a domestic mutual fund as follows:
I)
a) underlying 100% debt (Bharat Bonds)
b) Domestic Mutiual Fund
c) ACquired on 15-10-2020.
(II) Taxibility in FY 2024 -25
If I sold on 10-12-2024
a) Will it be Long term?
b) Will the rate of taxibility be 12% OR WILL IT BE THE SLAB RATE?
tHANKS
gOPAL
Long term taxable at slab rate.
O P Bagla & Co LLP
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CAclubindia
