Capital Gain treatment on the sale of mutual funds

I bought mutual funds units in Sept 2019 which I sold in March 2020. What will be it’s tax treatment?

Hey Laxmi,

Capital Gain treatment on the sale of mutual funds depends upon the period of its holding.

If the period of holding is for more than 12 months then Long term Capital Gain will arise otherwise gain will be short term Capital gain.

And since your holding period is less than 12 months, it will be treated as short term capital gains and will be taxed at 15%.

A post was merged into an existing topic: Tax refund on LTCG and STCG

I am salaried person and have Zerodha equity delivery account and invest in short term only and now i am going to fill ITR of FY 2021-22 but I am confused about one thing that what will be my capital gain.

When i checked the tax p&l statement of kite app of zerodha then there is 43,454 short term profit showing but my CA is calculating capital gain from AIS statement of income tax website actually there are two options given 1. Sale of securities and units of mutual fund 2. Purchase of securities and units of mutual fund. He is subtracting " Sale of securities and units of mutual fund - Purchase of securities and units of mutual fund = capital gain (79000).

Q1. Which amount will be capital gain: 43454 or 79000 ?

Q2. I do not invest in Mutual Fund then why mutual fund word is coming in AIS statement on IT portal.

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I am facing the same issue.