tax treatment of trading in equity oriented mutaul funds

Share
Share This Thread
  1. amit111

    amit111 New Member

    Dear Sir,

    suppose there is private limited company, having a main object is trading in equity oriented mutual fund , they bought a lot of unit of mautal fund and shown as stock in there books of accounts ,

    kindly explain me the tax treatment of trading of equity oriented mutual fund shown as stock in trade
     
  2. Yatin Gandhi

    Yatin Gandhi Active Member

    If this is shown as Stock in Trade - then tax would be levied @ 30% i.e. the rate of tax on companies

    Benefit of lower deduction of tax cannot be claimed
     
Draft saved Draft deleted
Loading...