![]() Capital gain derived from debt oriented mutual fund held for more than 36 months would result in LTCG taxable at 20%. However, if held for 12 months or less, would result in short term capital gain (STCG), taxable at 15%. How should I compute the tax on the gains?Īlso read: Best Sectoral/Thematic mutual funds: Top 5 schemes with over 20% returns in 5 yearsĬapital gains derived from sale of listed equity shares, units of equity-oriented mutual fund held for more than 12 months results in long-term capital gain, taxable at 10% + cess + surcharge (if applicable), in excess of `1 lakh, with no indexation benefit. ![]() * I am planning to redeem some units from my equity and debt mutual funds. Only the final year’s interest does not receive a tax deduction as it is not reinvested, but is paid back to the investor along with the interest of the earlier years and the capital amount. Since it is deemed reinvest-ed, it qualifies for a fresh deduction under Section 80C. As it is a cumulative scheme, each year’s interest is considered reinvested in the NSC. Accrued interest on NSC also qualifies for deduction under it. ![]() How do I pay tax on the interest on maturity?Īlso read: Sukanya Samriddhi Yojana interest rate change: Will Modi Govt increase SSY account rate from April 1?ĭeposits up to Rs 1.5 lakh in NSC qualify for deduction under Section 80C. * I have invested in National Savings Certificates. From Fixed Deposit to PPF, 5 most popular retirement income sources to maintain current lifestyle ![]()
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