Capital gain tax on sale of mutual fund units (nri)

This query is : Resolved

K Suresh Kumar (Querist)
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15 March 2018 Dear Sir,

The investor is an NRI. There are multiple investment in the same MF in one scheme. The investments in MF have been redeemed within a year. There is gain on only one transaction and loss on other transactions at the time redemption (All units or entire investment amount). If we see overall there is a loss to the investor. But transaction level, there is short term capital gain for one transaction.

We have taxed @30% (Short Term Capital Gain Tax) on transaction where there is a gain.

The query is do we need to consider overall loss or gain / transaction level gain or loss

Thanks & Regards

Suresh
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