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  • Taxation On Share & M.F.: Long Term Capital Gain

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    Pradeep Mehra
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    The document discusses taxation rules for different types of investments in India. It explains that day trading profits within one year are taxed at 15% as short term capital gains, while profits held longer than one year are taxed free as long term capital gains. Equity mutual funds are also taxed at 15% for holdings of less than one year and are tax free for longer holdings, while debt mutual funds are taxed at 10-20% depending on indexation. Two examples of individual tax filings are provided.

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    The document discusses taxation rules for different types of investments in India. It explains that day trading profits within one year are taxed at 15% as short term capital gains, while profits held longer than one year are taxed free as long term capital gains. Equity mutual funds are also taxed at 15% for holdings of less than one year and are tax free for longer holdings, while debt mutual funds are taxed at 10-20% depending on indexation. Two examples of individual tax filings are provided.

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    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    5 views4 pages

    Taxation On Share & M.F.: Long Term Capital Gain

    Uploaded by

    Pradeep Mehra
    The document discusses taxation rules for different types of investments in India. It explains that day trading profits within one year are taxed at 15% as short term capital gains, while profits held longer than one year are taxed free as long term capital gains. Equity mutual funds are also taxed at 15% for holdings of less than one year and are tax free for longer holdings, while debt mutual funds are taxed at 10-20% depending on indexation. Two examples of individual tax filings are provided.

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    of 4

    Taxation On Share & M.F.

    Short Term Long Term


    Day Trading
    Capital Gain Capital Gain

    Same Day Profit Within 1 Profit After


    Buy & Sell Year 1 Year

    Treated 15% Tax Tax Free


    Regular Income On Profit Income
    Taxation On Share & M.F.

    Short Term Long Term


    Types Of MF
    Capital Gain Capital Gain

    Profit Within 1 Profit After


    Year 1 Year

    Eq. M.F. 15% Tax Tax Free


    On Profit Income
    10% Tax Without
    Treated Indexation
    Debt M.F.
    Regular Income 20% Tax With
    Indexation
    Individual Taxation
    Shahid Kapur
    Service Income – 1.10 Lac
    Bank Interest - 0.25 Lac
    Intraday Income – 0.15 Lac
    Short Term Capital Gain – 0.10 Lac
    Long Term Capital Gain - 0.50 Lac
    Gross Income – 2.10 Lac
    Taxable Income – 1.60 Lac
    No Tax
    Individual Taxation
    Sania Mirza
    Service Income – 1.20 Lac
    Bank Interest - 0.40 Lac
    Intraday Income – 0.60 Lac
    Short Term Capital Gain – 0.80 Lac
    Gross Income – 3.00 Lac
    Taxable Income – 1.90 Lac
    10 % Tax On 30,000 i.e. = Rs. 3,000
    15 % Tax On Short Term Capital Gain 80,000 i.e. = Rs. 12,000
    Total Tax = 3000 + 12000 = 15,000

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