Profit from sale of mutual fund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2010
I have earned profit from purchase & sale of mutual funds.
Now I want to show this in my income tax return.
How can I show this profit and under which head? What will be tax treatment?
I have earned profit from purchase & sale of mutual funds.
Now I want to show this in my income tax return.
How can I show this profit and under which head? What will be tax treatment?
15 September 2010
Under capital gains.
Tax treatment will be as per the status of your gain i.e short term or long term.
Tax treatment will be as per the status of your gain i.e short term or long term.
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