Query in the form of example: I have purchased Mutual funds in the month of June 2012. i am getting daily dividend on such mutual funds which will be reinvested in those mutual funds daily. i have sold the entire Mutual funds in the month of Oct 2016. What will be my Capital gains? Particulars Date Amount If Purchases June 2012 12,00,000 Dividend reinvested June 2012 to March 2013 40,000 Dividend reinvested April 2013 to Oct 2013 15,000 Dividend reinvested Nov 2013 to March 2014 35,000 Dividend reinvested April 2014 to March 2015 60,000 Dividend reinvested April 2015 to March 2016 85,000 Dividend reinvested March 2016 to Oct 2016 43,000 Sales Oct 2016 15,00,000
Mutual funds what i have purchased are debt funds.
05 October 2017
Dividends are tax exempt. dividends reinvested in a scheme on a particular day will be treated as Fresh purchases and incidence of capital gains from any sale of such funds will be determined on basis of this date only.
05 October 2017
In case of equity mutual fund investments, All the dividends received and reinvested by you till September 2015 will be long term in nature as youhave redeemed the investments in October 2016.
05 October 2017
In case of debt mutual fund investments, All the dividends received and reinvested by you till September 2013 will be long term in nature as you have redeemed the investments in October 2016
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