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Debt funds (mutual)

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(Querist)
24 June 2014 There is a long term capital gain on the sale of debt mutual funds
what is the taxability of it and is it exempt from Tax?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
24 June 2014 it is not exempt...normal capital gains at 20%
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Rupesh Jain

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Rupesh Jain (Expert)
25 June 2014 you can take indexation benefit and pay LTCG @ 20%+cess
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heena

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heena (Querist)
25 June 2014 if the indexation benefit is not taken then what is the rate??
and is there any provision that
we should take lower of 10%(without indexation) or 20% *with indexation)
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 June 2014 yes. you can opt for 10% option also. please refer proviso to section 112

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