How is Capital Gains Tax on Shares and Mutual Fund Investment calculated?

Q & A Forum › Category: Mutual Funds › How is Capital Gains Tax on Shares and Mutual Fund Investment calculated?

RAMESH BABU R R asked 10 years ago

The Tax Treatment for the capital gains arose in the following Investments. 1 Franklin US Oppurtunities fund. (International equity FOF) 2 Gold Bees ETF.

RAMESH BABU R R replied 10 years ago

Thanks for the response. I need clarification whether the investment in the Franklin US Opportunities fund is considered as Equity fund or Debt fund for the capital gain tax purpose, as this fund is invested only in US EQITY Shares

Sreekanth Staff replied 10 years ago

Hi..It is considered as an Equity fund.

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Sreekanth Staff answered 10 years ago

Hi, May I know if the gains are Short-Term or Long-Term? Kindly read this article and revert to me if you require more information; http://www.relakhs.com/mutual-funds-taxation-rules-capital-gains-tax-rates-on-mfs-fy-201516/