I have invested INR 1lakh in a FMP on 25Mar2014 which got redeemed on 07Apr2015 with a gain of INR 9,142. My questions are
1) Is this gain to be treated as short term capital gain or long term capital gain (considering the change in taxation of debt mutual funds in July 2014) ?
2) Can I avail indexation benefit and claim capital loss, as my gain (i.e, 9,142) is less than the indexed gains (i.e, 15,122) as per CIIs of FY16 (1089) and FY14 (939)?
CAclubindia
