Poonawalla fincorps
Poonawalla fincorps

Deduction on mutual funds

This query is : Resolved 

26 December 2021 Dear Sir/madam,
i"m investing in Mutual Funds and stocks every year. My deductions has exceed Rs.1,50,000. without taking these consideration. where i can get deductions on that two investments. Please answer me.

26 December 2021 No deduction allowed on these investments.
Whereas short term capital gains on such investment taxed at 15% and long term capital gains taxed at 10% with no tax upto 1 lac.

28 December 2021 Thank you for the reply sir.




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