capital gain
Priyanka Ojha (41 Points)
28 February 2019
Can we avoid indexation while calculating tax on long term capital gain on mutual fund?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 01 March 2019
Yes, in certain cases tax @ 10% can be computed on LTCG gains.
In case the tax computed @ 20% on LTCG (with indexation) is more than the tax computed @ 10% on LTCG (without indexation), then you can pay the latter amount as LTCG tax.
This option is only available to a resident individual. Further, this option can only be availed if the LTCG is from the sale of listed bonds, units of a debt mutual funds, non equity ETFs or from the maturity of a zero coupon bond.
This option is only available to a resident individual. Further, this option can only be availed if the LTCG is from the sale of listed bonds, units of a debt mutual funds, non equity ETFs or from the maturity of a zero coupon bond.
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