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:
    September 17, 2013 at 6:12 pm

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

    Ashal

    Reply
  2. Manish Chauhan says:
    September 17, 2013 at 5:56 pm

    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

    Reply
    1. rajan.panchal24 says:
      September 18, 2013 at 8:49 am

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

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.