02 August 2016
Dear Sir, What is the simple working format for Shares & Mutual Fund , Bonds, Income tax purpose? which is taxable & which is not taxable ?
06 November 2016
Capital Gains Indian listed equity shares are tax free if held for more than 365 days. If held for less than 365 days, STCG tax of 15% is payable.
Same taxation applies for Equity oriented Mutual Funds.
Capital Gains on Debt Mutual Funds are taxed as per slab rates if sold before 3 years. If sold after 3 years, then 20% tax on capital gains using indexation.
For Bonds, capital gains is taxed as per slab rate if sold before 1 year. If sold after 1 year, then 10% tax without indexation or 20% tax with indexation.
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