Ch.8: Taxation

An investor purchased units of a debt-oriented mutual fund on May 15, 2023, and redeemed them on June 20, 2024. The fund's portfolio consistently maintained less than 35% exposure to domestic equities. What will be the tax treatment of the capital gains arising from this redemption?

For income tax purposes, what is the minimum percentage of equity exposure a mutual fund scheme must maintain to be classified as an 'equity-oriented fund'?

An investor purchased 1,000 units of an equity-oriented mutual fund on January 15, 2017, at an NAV of Rs. 100. The Fair Market Value (FMV) of these units on January 31, 2018, was Rs. 120. The investor redeems all units on March 1, 2023, at an NAV of Rs. 150. What will be the cost of acquisition per unit for calculating Long Term Capital Gain (LTCG) under Section 112A?

For taxation purposes, a mutual fund scheme is classified as an 'equity-oriented fund' if it invests a minimum of what percentage of its investible funds in equity shares of domestic companies?

What is the mandatory lock-in period for investments made in Equity Linked Savings Schemes (ELSS)?

An investor invests ₹2,00,000 in an Equity Linked Savings Scheme (ELSS) fund. What is the maximum deduction allowed under Section 80C for this investment, and what is the mandatory lock-in period for these units?

An investor purchased units of an equity-oriented mutual fund on January 1, 2017, for ₹50,000. The Net Asset Value (NAV) of the fund on January 31, 2018, was ₹65,000. The investor sold these units on March 1, 2023, for ₹80,000. What would be the amount of taxable long-term capital gain, considering the grandfathering provision? (Assume no other investments and ignore surcharge/cess).

For an investor in a non-equity oriented mutual fund, what is the minimum holding period required for the capital gains to be classified as 'long-term capital gains' and thus be eligible for indexation benefit?

The primary purpose of providing indexation benefit for long-term capital gains on certain mutual fund units is to:

An investor purchased 100 units of an equity-oriented mutual fund on December 15, 2017, at an NAV of ₹45 per unit. The NAV of the fund on January 31, 2018, was ₹60 per unit. The investor sold all units on April 10, 2023, at an NAV of ₹75 per unit. Ignoring STT, what is the total Long Term Capital Gain (LTCG) for the investor?

A Non-Resident Indian (NRI) redeems units of a debt-oriented mutual fund after holding them for 40 months. What is the applicable Tax Deducted at Source (TDS) rate on the Long Term Capital Gains (LTCG) for such an investment?

Securities Transaction Tax (STT) is levied on which of the following transactions related to mutual funds?

Which of the following transactions related to mutual funds attracts Securities Transaction Tax (STT)?

An investor incurs a Long-Term Capital Loss (LTCL) from the sale of units of a debt-oriented mutual fund. Against which of the following income types can this LTCL be legally set off in the same assessment year, as per current income tax regulations?

What is the minimum lock-in period for investments made in Equity Linked Savings Schemes (ELSS) to avail tax benefits under Section 80C of the Income Tax Act, 1961?

Under which of the following scenarios is a Mutual Fund mandated to deduct Tax Deducted at Source (TDS) for a resident individual investor?

An investor decides to switch units from an equity fund (Scheme A) to a debt fund (Scheme B) within the same fund house. What are the tax implications of this transaction?

What is the mandatory lock-in period for investments made in Equity Linked Savings Schemes (ELSS) to avail tax benefits under Section 80C of the Income Tax Act, 1961?

What is the minimum lock-in period for investments made in an Equity Linked Savings Scheme (ELSS) to avail tax benefits under Section 80C of the Income Tax Act?

What is the mandatory lock-in period for investments made in Equity Linked Savings Schemes (ELSS) to avail tax benefits under Section 80C of the Income Tax Act?

An NRI investor redeems units of an Indian equity-oriented mutual fund after holding them for 10 months. What will be the applicable TDS rate on the capital gains?

For taxation purposes, how are capital gains from units of a Gold Exchange Traded Fund (ETF) treated?

What is the applicable Tax Deducted at Source (TDS) rate on short-term capital gains (STCG) arising from the redemption of an equity-oriented mutual fund by a Non-Resident Indian (NRI)?

For Non-Resident Indian (NRI) investors, what is the general TDS (Tax Deducted at Source) rate on long-term capital gains from the sale of equity-oriented mutual fund units where STT has been paid?

What is the applicable Tax Deducted at Source (TDS) rate on dividend income distributed by a debt mutual fund to a resident individual, if the aggregate dividend income exceeds INR 5,000 in a financial year?