tax on commodity

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Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2011 dear sir what is the tax rate of income from commodity,income from mutual fund and income from lIC maturity

Aditya Maheshwari

Aditya Maheshwari (Expert)
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06 April 2011 tax rate of
income from commodity - slab rates
income from mutual fund - depends upon whether STT paid on sale or not. If paid then 15% if STCG, LTCG exempt, if STT not paid then STCG at slab rates

and income from lIC maturity - exempt u/s 10(10D).

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