Capital Gains treatment in units of Mutual Fund
This query is : Resolved
12 June 2008
What is the capital gains treatment in the case of units of mutual fund invested on a daily dividend plan? Meaning the amount accumulated as dividend in the forms of units on the basis of NAV, reinvested and subsequently withdrawns during the year by way of redumption of units.
12 June 2008
Since the units are redeemed during the same year, the gain is short term capital gain.
In case of Equity oriented MF, where STT is paid, concessional tax of 15% will be charged. In other case normal tax will have to be paid.
In case of Equity oriented MF, where STT is paid, concessional tax of 15% will be charged. In other case normal tax will have to be paid.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
