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Capital gains

This query is : Resolved 
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Guest

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Guest (Querist)
11 September 2012 If an assessee invest in Short term fund named as Axis Equity Fund - Dividened option and he shows the profit on Sale/Redemption as dividened from equity
Is this treatment right?
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
11 September 2012 Yes, provided the Mutual fund falls under the category of "Equity oriented mutual fund" as per the IT Act.

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