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Tax Treatment

Dear Sir,

(1) After destatementisation of Mutual Fund Units, One can hold mutual fund units in DMAT account. Whether on redeemtion of these units brokerage charges, STT and NSE/BSE transaction charges are applicable as per schedule of charges of broker?

(2) If DMAT account is joint and first holder is out of income tax bracket, Whehter short term / long term capital gain earned from the stocks of this account is added in the income of the 2nd account holder? what would be the tax treatment in this case?

(3) What are taxes applicable to Gold ETFs?

(4) On existence of DTC in April-2012, what would be the future of ELSS? What is your view in this regards,

Regards,

Aditya

 

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