Debt Mutual Fund and ITR-2 column?

Tax queries 883 views 3 replies

Debt Mutual Fund and ITR-2 column?

I have sold few debt mutual fund units as per following details
1. 50 units with holding of 9 months (Gain 20,000)
2. 100 units with holding of 15 monts (Gain 30,000)
3. 150 units with holding of 4 years ( Gain 40,000)

I want to know what tax rates are applicable of these gains
and in which column/schdeules these gains have to be shown in ITR-2
Replies (3)

Sale of debt mutual fund units would attract tax as under:

1) Will be treated as short term capital gain to be included in total income and tax according to slab rate.

2) & 3) At flat rate of 20% after taking cost inflation benefit OR @ 10% without taking cost inflation benefit which ever is lower.

Thanks Rachit for tax rate.

If possible, can you please help me with ITR columns also

UNDER SCHEDULE CG (pf-3) of ITR2

1) A-2 and D-4

2) & 3)  B-2, B-3 & B-5 (on page 4) and D-1 or D2 whichever applicable


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