Poonawalla fincorps
Poonawalla fincorps

Profit from sale of mutual fund

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2010
I have earned profit from purchase & sale of mutual funds.
Now I want to show this in my income tax return.
How can I show this profit and under which head? What will be tax treatment?
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
15 September 2010 Under capital gains.

Tax treatment will be as per the status of your gain i.e short term or long term.

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