The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>India Taxes

Securities transaction tax in the mutual funds in india?

Hi,

Recently i brought a reliance mutual fund for 1 lakhs.after 3 months i sold the whole units which i got for the 1 lakh.

i have been charged the securities transaction tax.can any one please let me know how much is that securities transaction tax ?

Also let me know wethere i have to pay any additional tax for that gain when i file the tax in the month of march other than the securities transaction tax which has been deducted by the reliance mutual fund company.


Thanks
Haritha

i you are treating mutual fund as investment than tax @ 10 will be applicable i.e short term capital gain if you are treating this as stock in hand in business than income will be treated as business income and you can claim stt as rebate in second case.

the detail answer can be checked from link given below

How profit/loss from Intra-day trading in Stocks taxed? Is it considered "profit/loss" from Business?answer link given

http://in.answers.yahoo.com/question/ind...

http://in.answers.yahoo.com/question/ind...

Tags
　　United States Taxes 　　United Kingdom Taxes 　　Spain Taxes 　　Singapore Taxes 　　Mexico Taxes 　　Ireland Taxes 　　India Taxes 　　Germany Taxes 　　Canada Taxes 　　Australia Taxes 　　Small Business
Related information
  • India. Any Income Tax Free bonds available now?

    RBI bonds & any infrastructural bonds PUBLIC PROVIDENT FUND NATIONAL SAVINGS CERTIFICATES in investment on all above 100% tax exemtion u'll get + interest is also free from tax. RU...

  • How to calculata share trading turnover in india?

    please read the answer given in following link ...

  • Why has my account been charged 3 times last year for same service?

    Get clarifications from your service provider.

    ...
  • TDS on Interest earned on FDs?

    I suppose u have 20 L in your account and would be getting 1.9L as interest this year. Is that true ? IF so the answer is as follows. You would be paying at the most 13 K as tax .The actual am...

  • Importing products from outside country to india?

    No you dont have to pay any tax but you might have to bribe some one. but as per books gifts are free upto $100 dewali , xmas times

    ...
  • Long term Capital gains on selling a residential site and investing all the gains in many residential sites.?

    my dear friend if you do not have any other house other then these two newly purchased house then I guess you can get the benifit. Still you knock to the tax consultant please. Or else why you g...

  • I want to know the record date of jp associates ltd shares.?

    Jaiprakash Associates has informed the stock exchange that the board of Jaiprakash Associates Limited which met & approved the proposal to split the face value of the company鈥檚 shares (stock s...

  • Details of dividend for private company staff?

    Does not compute. What is your question exactly?

    ...
    • 　

    Commerce Categories--Copyright/IP Policy--Contact Webmaster