Capital gain tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2011
Hi,
If a company (investor) has made capital gains on Selling the mutual fund units, how it will be the taxed?
If a company (investor) has made capital gains on Selling the mutual fund units, how it will be the taxed?
15 September 2011
In case of a debt fund STT is not paid on sale and hence it is treated as sale of any asset other than shares and in case of equity oreinted fund it would be treated as sale of shares where LTCG is exempt u/s 10(38) and STCG taxed at 15% u/s 111A.
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