Capital Gains

Mutual Funds are considered as capital asset and capital gains tax will be charged on any gains. Capital Gains page shows the financial year wise capital gains tax based on the withdrawal transaction. The sum total, account wise breakdown, and per buy/sell match information are available.

Only commodities with tax_category are considered. Please check Tax Harvesting page for configuration details.

Gain

The difference between the purchase and sell price.

Taxable Gain

The gain after applying Indexation or Grandfathering provision.

Based on the duration between the purchase and sell date, an asset might be classified as Short Term or Long Term.

Short Term Tax

This would be a percentage of the Taxable Gain. The percentage varies based on the asset class.

Long Term Tax

This would be a percentage of the Taxable Gain. The percentage varies based on the asset class.

Taxable at Slab Rate

There are cases where the gain would be added to taxable income and charged Slab rate. Since the tax rate would depend on the person, the whole taxable amount is shown instead of the tax. You can multiply this with your slab rate to get the tax amount.