Capital Gains and EWS
7 months ago
For EWS certification, are Capital Gains from Mutual Fund sales considered as income against the 8 Lacs limit? I read somewhere that only income from Intraday trading is considered as regular income, and taxed as such.
If yes, are only the gains considered or the whole sum withdrawn?
A.Dear client,
Capital gains from mutual fund sales are considered as income for ews certification. However, only the gains are considered, not the whole sum withdrawn.
Capital gains from mutual fund sales are considered as income for ews certification. However, only the gains are considered, not the whole sum withdrawn.
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A.Dear Sir,
If such amount is not shown in IT Returns then there will be no problem.
Any way it is better consult any Chartered accountant .
If such amount is not shown in IT Returns then there will be no problem.
Any way it is better consult any Chartered accountant .
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