Which income is considered for EWS?
For EWS certification are Capital Gains from Mutual Fund sales considered as income against the 8 Lacs limit? I read somewhere that only income from Intraday trading is considered as regular income, and taxed as such. If yes, are only the gains considered or the whole sum withdrawn?
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Advocate By LEAD INDIA
Answered: 18 Sep 2023
Capital gains from mutual fund sales are considered as income for EWS certification. However, only the gains are considered, not the whole sum withdrawn. Contact us for further enquiry.
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