The investor is an NRI. There are multiple investment in the same MF in one scheme. The investments in MF have been redeemed within a year. There is gain on only one transaction and loss on other transactions at the time redemption (All units or entire investment amount). If we see overall there is a loss to the investor. But transaction level, there is short term capital gain for one transaction.
We have taxed @30% (Short Term Capital Gain Tax) on transaction where there is a gain.
The query is do we need to consider overall loss or gain / transaction level gain or loss
CAclubindia
