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Sunil bought 1000 Units of an Equity Oriented Mutual Fund Re‐Investment option in
a NFO on 30/06/2015.AMC declared 20% dividend on 30/06/2016 when NAV was
Rs12.50.He reinvested at a NAV of Rs.12.Again on 30/06/2017 and 31/12/2017 AMC
declared dividend of Rs.3 and Rs.1 respectively. He reinvested the same at NAV of
Rs.14 and Rs.15 respectively. He sold the entire lot at a NAV of Rs.16 on
30/03/2018.Compute LTCG and STCG if any for A.Y 18‐19.
Solution:
Date Units NAV Amount Status
30/06/2015 1000 10 (NFO) 10000 (1000*10) Long
Term
30/6/2016 166.6667 12 2000 Long
(2000/12) (1000*10)*20% Term
30/6/2017 250 14 3500 Short
(3500/14) ((1000+166.6667)*3) Term
31/12/2017 94.4444 15 1416.6667 Short
(1416.6667/15) ((1000+166.6667+250)*1 Term
Selling date: 30/03/2018
Note: Long term gains from Equity Oriented Mutual Fund is Tax exempt
Short term Capital Gains:
Particulars Amount
Full Value Consideration (250+94.4444)*16 5511
Less: Expenses ‐
Net Value Consideration 5511
Less: COA (3500+1416) 4916
STCG 595
2. Anil bought 1000 Units of a Debt Oriented Mutual Fund Re‐Investment option in a
NFO on 15/04/2014.AMC declared a series of dividend of 10%,15%,20%
on15/09/2015,15/09/2016 & 15/09/2017 when the NAV was Rs.12,Rs.14,Rs.16
respectively. He Re‐Inv at a NAV of Rs.11,Rs.12.5 and Rs.14 respectively. He sold the
entire lot on 31/12/2017 at a NAV of Rs16.50.Compute LTCG and STCG if any for
A.Y2018‐19.
Solution:
Date Units NAV Amount Status
15/04/2014 1000 10 (NFO) 10000 (1000*10) Long
Term
15/09/2015 90.9091 11 1000 Short
(1000/11) (1000*10)*10% Term
15/09/2016 130.9091 12.5 1636 Short
(1636/12.5) ((1000+90.9091)*10)*15% Term
15/09/2017 174.5454 14 2443 Short
(2443/14) ((1000+90.9091+130.9091)*10)*20% Term
Selling date: 31/12/2017
Long term Capital Gains:
Particulars Amount
Full Value Consideration (1000*16.5) 16500
Less: Expenses ‐
Net Value Consideration 16500
Less: ICOA (10000*272)/240 11333
LTCG 5167
Short term Capital Gains:
Particulars Amount
Full Value Consideration (90.9091+130.9091+174.5454)*16.5 6539
Less: Expenses ‐
Net Value Consideration 6539
Less: COA (1000+1636+2443) 5079
STCG 1460