I have SIPs for a few MFs which I purchased through ICICI Direct. In January, I redeemed all my MFs just before the market collapsed. Hence, I made some short term capital gains. Now what are the tax implications. My understanding is that I have to pay STT (Securities Transaction Tax). Does ICICI Directly automatically charge STT when I redeem. Or do I have to pay it myself when I file my returns. If I have to do it, what all documents do I need to produce. I know the amount of the profit I made. Can I just put down the amount when I file my returns or do I need to have any supporting documentation. Will a statement of all my MF transactions for the financial year suffice. Please help.