Calculating and paying mutual funds taxes

POSTED BY rajan.panchal24 ON September 16, 2013 5:29 pm COMMENTS (3)

When I sell my mutual fund units and if the profit comes as taxable then how can I calculate and pay the taxes?
and How can I ensure that the taxes calculated by me are correct (with/ with out indexation)? where and how I should document that I sold my x mutual fund units and paid y amount of tax based on CII etc, etc.

one suggestion: A detailed post by manish would be more useful on this.

3 replies on this article “Calculating and paying mutual funds taxes”

  1. ashalanshu says:

    Dear Rajan, to keep the matter simple, please demand capital gain statement for you from your MF company.
    thanks

    Ashal

  2. Hi Rajan

    Are you talking about debt mutual funds ? Because if its equity funds, then its very easy.

    but if its debt funds, then you have to calculated things as per the indexation rules. If you have a CA , things would be smooth for you

    Manish

    1. rajan.panchal24 says:

      Im talking about all kinds of mutual funds.. debt/equity

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