Investment in sip is exempt or not

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2013 Will you tell me that Under SIP Investment is exempt or not.

Guest

Guest (Expert)

27 June 2013 What do you mean by exemption?

The sip amount qualifies for deduction.

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2013 I mean that whether amount invested under SIP is taxable or not. If i redeemed amount under SIP after two years.

Guest

Guest (Expert)

28 June 2013 Normally amount of mutual funds is exempted after redemption

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess