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Mutual Fund Units transferred Tax payable Last date 31 July

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  • Mutual Fund Units transferred Tax payable Last date 31 July

    Long term Capital gains on Mutual Fund Units transferred after 10-07-2014 (date of Budget 2014) taxable at 20%. Taxable at 10% if transferred till 10-07-2014.

    Capital Gains to be Long Term for Unlisted Securities and Units of MF held for more than 36 months if transferred after 10-07-2014 (date of Budget 2014).

    Resolutions passed under Companies Act 1956 during 01-09-2013 to 31-03-2014 valid till later of one year from passing or 6 months from new provision [Circular 32 of 23-07-2014].

    Income Tax Department opens on 26 and 27 July, 2014 (Saturday and Sunday) for acceptance of returns during normal office hours [Order dated 24-07-2014].

    Special Counters for Returns of Salaried Persons with Income up to 5 lacs at Pratayakshkar Bhawan, Civic Centre Delhi on 26, 28, 30 and 31 July.
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