Anurag Kumar (Service) (62 Points)
03 November 2012
Kindly let me know the income tax implications in following categories:
1) STCG & LTCG for liquid funds
2) STCG & LTCG for low duration funds like templeton India low fund.
regards
(anurag kumar)
CA Mangesh Chitale
(B. Com. A.C.A. DISA (ICAI) DIRM (ICAI))
(245 Points)
Replied 05 November 2012
If listed on recognised stock exchange--
STCG 15%
LTCG Exempt
If not listed on recognised stock exchange--
STCG As per slabs
LTCG 10% without indexation, 20% with indexation
No such special treatment for liquid funds in act.
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