15 July 2019
Sir, I want to calculate capital gain on redeemption of equity oriented mutual fund.Its holding period is 14 months. Whether it will exempt from tax
15 July 2019
You have to show it in Schedule CG - capital gain after taking grandfathering effect as per the schedule of ITR-2. Also details have to be given in Schedule 112A as given in the utility. Gain above Rs 1 Lac would amount to tax liability @ 10%.
CAclubindia
