Adjustment of mutual fund ltcg in tax schedule
This query is : Resolved
17 November 2021
Sir,
I have ltcg of 76000 from redemption of icici pru balanced advantage fund . Tax schedule is Showing tax lavied of this whereas sec 112A defines that ltcg below 1 lac is tax exempt.
I have ltcg of 76000 from redemption of icici pru balanced advantage fund . Tax schedule is Showing tax lavied of this whereas sec 112A defines that ltcg below 1 lac is tax exempt.
17 November 2021
If you have filled the data in 'Schedule 112A', then under tax calculation, tax will not be levied.
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