Wae Jing Lonthaw (Others) (341 Points)
20 July 2017Suppose I invested INR 10000 in a Equity mutual Fund scheme in 2008 and in Financial Year 2016-2017 I reedemed it getting INR 25000 as total value of mutual fund making a profit of 15000 in the scehem. Then will this 15000 be taxed and if yes then how?
Similarly for shares.
Wae Jing Lonthaw
(Others)
(341 Points)
Replied 21 July 2017
Do I need to show Long Term Capital Gains in ITR?
If I buy & sell shares within 12 months then I need to pay Short Term Capital Gains Tax or the profit is calulcated as my Individual Income?
GST Consultant
(Tax Consultant)
(894 Points)
Replied 21 July 2017
Wae Jing Lonthaw
(Others)
(341 Points)
Replied 23 July 2017
Suppose I purchased shares worth INR 10000 in Dec 2015 and sold them for INR 15000 in May 2016. Then this will be Short Term Gains? How much tax I will have to pay in this regard?
What is unindexed and indexed Long Term Capital Gains?
CAclubindia
