Tax on Stocks and Mutual Funds

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Tax on stocks sold in the Cash segment


(1) Short-term capital gain: when you sell before 1 year. 15% tax on profit. You can carry forward the short-term loss to the next 8 years.

(2) Long-term capital gain: when you sell after 1 year and profit is more than 1 lac. 10% tax on profit above 1 lac. You can carry forward the short-term loss to the next 8 years. Long-term loss can be set only against long-term gain.

Tax on stocks sell in the Intraday segment then profit comes under speculative business income. It will be taxed according to the individual tax slabs. You can carry forward loss to the next 4 years. 


Tax on Mutual Funds (debt funds, bonds, debentures)

If sold less than 3 years then taxed according to normal tax slab. You can carry forward loss to the next 8 years and can set off any other income.

If sold after 3 years then LTCG and taxed at 20%. You can carry forward loss to the next 8 years and can set off any other LTCG. Also, the benefit of indexation.

Dividend income is also considered other source of income and will be taxed as per your tax slab

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