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M S Banerjee

Category : Equity M..,
Solved
I want to know whether monthly dividend of HDFC Balanced Advantage Fund is taxable for a individual for FY 2018 19
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Amlan Dutta
No it should not be taxable , what was proposed was to introduce DDT in the hands of the fund itself i.e HDFC funds after computing profits will first have to pay taxes on it and then distribute dividends ....Note however, that the dividend in the hands of the investor stays tax free ... ( Earlier...
Vikas Agarwal

Category : Mutual F..,
Solved
Hi Amlan, in ITR 1 can we show short term gain on STP (from debt to equity/balanced) of mutual funds? As far as I can understand, since it is debt MF which is sold in this case, it does not attract Security Transaction Tax and in turn it is not eligible for 15% STCG taxation. So, when it comes under...
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Amlan Dutta
Since , gains from mutual fund is considered as capital gains, so you won't be able to use the ITR 1 return and have to reflect this using capital gains schedule available only in ITR 2 and other returns ...
Javeed

Category : Equity M..,
Solved
Regarding STCG tax, can I deduct exit load(1%) charged by mutual fund to calculate gains?
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Amlan Dutta
The money you receive from the fund house (redemption proceeds) has already deducted the exit load. So, you cannot treat it as a loss and deduct the amount from your gains once again while filing your ITR.
Prashant Saraswat

Category : Debt Mut..,
Unsolved
hi sir, I have LTCL loss in non-equity fund,how to set off and where I show in my ITR,
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Bhaskar

Category : Debt Mut..,
Unsolved
I am interested to know how to report short term capital gain from selling of debt oriented mutual fund in ITR2. How to fill it up.
Please guide.
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