Capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 January 2011
Long term capital gain on mutual fund redemption taxable or not?
12 January 2011
units of a non equity oriented fund will be taxable @ 10% without indexation, or 20% with indexation, whichever is lower
(u/s 112).
units of an equity oriented will be Exempt in case of redemption of units where
STT is payable on redemption [u/s 10(38)].
(u/s 112).
units of an equity oriented will be Exempt in case of redemption of units where
STT is payable on redemption [u/s 10(38)].
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