treatment of SIP
This query is : Resolved
23 May 2011
if a person has invested in SIP in which monthly installment is given for SIP plan.and he is giving for the last 3 years. In the fourth year he redeem the SIP plan in the month of jan what will be the tax treatment...is it long term or short term gain???
23 May 2011
It is Long Term Capital Gain,(since it is more than 12 months)
23 May 2011
THE TRANSACTION WILL BE TRATED ON ONE-TO-ONE BASIS
SO FOR EVERY MONTH PURCHASE U WILL HAVE TO DETERMINE PERIOD OG HO;LDING BECAUSE ON EVERY INSTALMENT CERTAIN UNITS ARE ALLOTTED
CA MANOJ GUPTA
JODHPUR
09828510543
SO FOR EVERY MONTH PURCHASE U WILL HAVE TO DETERMINE PERIOD OG HO;LDING BECAUSE ON EVERY INSTALMENT CERTAIN UNITS ARE ALLOTTED
CA MANOJ GUPTA
JODHPUR
09828510543
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