Short term capital gains
This query is : Resolved
09 June 2014
If i redeem part of my principle amount from an equity fund within a year do that attract short term capital gains?
09 June 2014
yes. this transaction will attract short term capital gains. this would attract 15% under section 111A.
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09 June 2014
Is it even if i redeem part of my principle & how?
09 June 2014
yes. to whatever extent principal is redeemed, excess of redemption amount over investment amount is charged to capital gains.
10 June 2014
yes whether u redeem part or full its shrot term capital gain taxable under sec 111A @ 15%.
03 August 2014
The calculations are slightly tricky here.
You need to consider the NAV at the time of purchase and NAV at the time of redemption.
If the (difference in NAV) X No. of units redeemed = Positive value, only then you need to pay short term capital gains tax @ 15%.
You need to consider the NAV at the time of purchase and NAV at the time of redemption.
If the (difference in NAV) X No. of units redeemed = Positive value, only then you need to pay short term capital gains tax @ 15%.
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