02 October 2015
I have bought certain units of MF (Equity scheme) for Rs.1 lac. In 6 months of investment valuation for my investment was Rs.1.5 lacs.
So I did partial redemption for Rs.75k within 6 months of Investment,
how tax would be applicable ? Will I be taxed @15% as STCG? If yes then on what amount ?
After completion of 1 year, the rest of the investment has valuation of Rs.20K, How much loss I can account to carry forward? Or setoff against other Capital Gain?
By summing up, I'm incurring loss for Rs. 5k on my investment.
Please advise.
CAclubindia
