TAX Calc on different types of Mutual Funds? - lic bima plus 2010
Hello,
Please can someone explain how LTCG and STCG Calc them. I ask myself time and STCG and methods LTCG tax calc.
1. Balance MFS
2. MFS MIP (Monthly Income Plan)
3. Equity Diversified
4. BIMA PLUS LIC (the risk of a Balanced)
5. LIC Market Plus (Growth)
6. MFS Equity
7. MFS DEBT
Regards,
Dhanaprakash
Tuesday, January 26, 2010
Lic Bima Plus 2010 TAX Calc On Different Types Of Mutual Funds?
4 comments:
Tax implications of mutual funds:
Redeeming Fund for Equality held for> 1 year:
No capital to win.
You only pay STT.
Redeeming Fund for equality in the possession \\ \\ \\ \\ \\ \\ \\ \\ u0026lt, 1 year:
You pay the extra profit cess@16.48% + + + STT.
Or
Capital gains tax cess@15.45 +% + STT.
Redeem Department held a fund for> 1 year:
You will pay capital gains tax to 10% () without indexation.
Or
You will pay capital gains tax to 20% () with indexation.
If it is lower.
Loosen up a fund for the department "instead of \\ \\ \\ \\ \\ \\ \\ \\ u0026lt, 1 year:
You pay taxes on capital gains in the personal tax rate applies to you.
Funds are a balanced mix of equity and debt. The tax consequences depend%.
Returns are tax-free insurance.
HMT
Capital gains: The net proceeds (gross sales revenue) less selling costs, minus the cost due. Suppose you have the certainty (ie acquired and not inherited or received as a gift), your cost basis, you pay the fees. If you sell, if you bought the same batch, the rate of Pro on the earnings per share. This assumes that no dividends.
Make the reinvestment of dividends has the number of divs you pay sales tax on the database. This can be difficult to keep track of the basis for action, because you do not purchase due to average, such funds. You need to FIFO or specific identification of shares sold, use, and agrees with the method of the cost of these measures.
Operation is 365 days long past the day after the date of purchase. In the short period of less than 365 days.
MFS Equity:
N LTCG equity MF.
STCG must be paid at 15%.
Debt MFS:
LTCG pay by 10% without the benefit of indexation benefit and 20% with indexation
STCG is the plate must be paid as income tax.
Balanced Fund and MIP: If the fund focuses on equity, while the mixed tax structure applicable equity MF. If the debt applicable to debt structure as MF tax. I do not know the tax structure ULIP.
Calculation of tax is the same regardless of the nature of the fund.
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