Dear Sir / Madam,
One of the Assessee got redemption from "Axis M/F Redemption" Rs. 9899 & KVB Redemption Rs. 25243.
This redemption is Taxable or Not under Income Tax...?
Will be add to Income or Not...?
Please urgent
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 01 March 2019
Not the redemption amount as a whole; but any accrued gain over the capital is taxable.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 01 March 2019
If Rs 100/- invested initially........ after certain period, when redemption amount received is 110/-. ..... tax liability arises over Rs.10/- (for bLTCG, after indexation) and not over total Rs. 110/-
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