short and long term capital gain
This query is : Resolved
07 July 2010
i have 10000 profit from mutual fund as shortterm gain and 20000 as longterm capital gain.also i have 350000 from share business.where i have to show incomr from mutual fund in incometax form.please advise me
09 July 2010
Profit on sale of units of Mutual fund will be taxable under the head CAPITAL GAIN.
and Rs. 3,50,000 will be exempt if it is from Long Term Capital Assets, otherwise would be taxable u/s 115A @ 15%.
Regards!!!
and Rs. 3,50,000 will be exempt if it is from Long Term Capital Assets, otherwise would be taxable u/s 115A @ 15%.
Regards!!!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
