Sip tax treatment
CA Punit Bajaj (CA Practice ) (58 Points)
25 August 2014
What is tOe tax treatment on sale of SIP
1 Replies
(Guest)
All types of equity funds (funds that invest in the shares of companies), debt funds (funds that invest in fixed-return investments) and balanced funds (funds that invest in both) offer a SIP.
So, the tax treatment depends on the type of Mutual fund.
Short term capital gain on Debt funds will be included in income and taxed whereas LTCG will be 10% w/o indexation or 20% with indexation w/e less.
STCG on Equity bases Mutual funds will be 15% and LTCG will be exempt if STT is paid.
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