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Is the income earned from mutual fund

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(Querist)
30 May 2009 Is the income earned from mutual fund wich have been claimed under section 80c taxable
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Deepak Goel

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Deepak Goel (Expert)
30 May 2009 Income from mutual fund is taxable under Capital Gain head.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
31 May 2009 But income received in respect of units of a mutual fund specified in section 10(23D) is exempt u/s 10(35) of the Income tax Act,1961.
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