CA Pramod Prabhudesai
I have prepared a chart on the subject matter of Capital Gain for FY 2014-15 on Shares and Mutual Funds after considering the recent amendments related to changes in taxation of shares and Mutual fund and Considering the complexity involved in the matter. I have tabulated information for quick reference and the same are self explanatory :-
Capital Gains for Resident Individual & HUF – F.Y. 2014-15
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Nature of Asset |
Holding Period |
Date of Sale |
Whether STT Paid |
Long Term/ Short Term |
Whether Eligible for Concessional Rate of 10% |
Whether Indexation Permitted |
Whether Exempt |
Remark |
Listed Equity Shares |
Less than 12 months |
Prior to 10-07-2014 |
Yes |
Short Term |
Not Applicable |
Not Applicable |
No |
Taxable at 15% |
Listed Equity Shares |
More than 12 months |
Prior to 10-07-2014 |
Yes |
Long Term |
Yes – Condition redundant since exempt |
Yes – Condition redundant since exempt |
Yes |
Exempt u/s 10(38) |
Listed Equity Shares |
Less than 12 months |
After 10-07-2014 |
Yes |
Short Term |
Not Applicable |
Not Applicable |
No |
Taxable at 15% |
Listed Equity Shares |
More Than 12 months |
After 10-07-2014 |
Yes |
Long Term |
Yes – Condition redundant since exempt |
Yes – Condition redundant since exempt |
Yes |
Exempt u/s 10(38) |
Equity Oriented MF |
Less than 12 months |
Prior to 10-07-2014 |
Yes |
Short Term |
No |
No |
No |
Taxable at 15% |
Equity Oriented MF |
More than 12 months |
Prior to 10-07-2014 |
Yes |
Long Term |
No |
No |
Yes |
Exempt u/s 10(38) |
Equity Oriented MF |
Less than 12 months |
After 10-07-2014 |
Yes |
Short Term |
No |
No |
No |
Taxable at 15% |
Equity Oriented MF |
More Than 12 months |
After 10-07-2014 |
Yes |
Long Term |
No |
No |
Yes |
Exempt u/s 10(38) |
Unlisted Shares |
Less than 12 months |
Prior to 10-07-2014 |
Not Applicable |
Short Term |
No |
No |
No |
Taxable at Slab Rates |
Unlisted Shares |
More than 12 months |
Prior to 10-07-2014 |
Not Applicable |
Long Term |
No |
Yes |
No |
20% with indexation |
Unlisted Shares |
Less than 36 months |
After 10-07-2014 |
Not Applicable |
Short Term |
No |
No |
No |
Taxable at Slab Rates |
Unlisted Shares |
More Than 36 months |
After 10-07-2014 |
Not Applicable |
Long Term |
No |
Yes |
No |
20% with indexation |
Debt Oriented MF |
Less than 12 months |
Prior to 10-07-2014 |
Not Applicable |
Short Term |
No |
No |
No |
Taxable at Slab Rates |
Debt Oriented MF |
More than 12 months |
Prior to 10-07-2014 |
Not Applicable |
Long Term |
Yes |
Yes |
No |
10% /20% with indexation |
Debt Oriented MF |
Less than 36 months |
After 10-07-2014 |
Not Applicable |
Short Term |
No |
No |
No |
Taxable at Slab Rates |
Debt Oriented MF 1 |
More Than 36 months |
After 10-07-2014 |
Not Applicable |
Long Term |
No |
Yes |
No |
20% with indexation |
(Author is partner with B. D. Jokhakar & Co. Chartered Accountants, Mumbai)
Very nicely compiled
Shall be quite useful
Nicely compiled Shall be very useful
vital information summed up in the tablular form was my real need.thanks
Thanks for useful data. However one point is missing towards listed equity share sold after one year and STT not paid i.e purchased prior 20 year (STT not applicable at the time of purchased and physical share dematerlized at the time demate system started by SEBI.
Pl reply
very nice
Good Efforts.
It was really required.
Is there any change in liquid funds and debt funds taxation??
Well presented . what about short term gain/loss on shares of listed company sold off market ( No STT paid ) whether loss on such sale be adjusted against short term capital gain STT paid
Very well summed up.
good job. important to all who trade in shares and dealing in mf
Thanks for proving capital gain sections on shares in very useful & informative way.
READ YOUR CHART WITH INTEREST.CERTAINLY IT GIVES IMP NOTES OF CAPITAL GAINS WITH REF TO SHARES.
A GOD EFFORT, APPRECIATED.
THX
CA ANAND S SANDU
If an individual has Short Term Capital Gain (STT Paid) Rs.31432/- and
Long Term Capital Loss (STT Paid) Rs. (-)31682/- Whether it can be adjusted ?
A detailed information in a precise manner…..very nice
In which category will fixed maturity plans fall.
Thanks for very useful data. However,for sale of shares of limited co. bought back by co.without stt payment and purchased three years back and surrendered last month, what would be the implications. Whether the long term capital gain could be adjusted with carried forward LT losses.
Please guide.