The taxability of mutual fund depends on the type of MF- If it is a long term Equity oriented mutual fund and STT is paid while selling the units of the same, It is exempt u/s 10(38). for Others- they are taxable at the time of maturity only, income during the period MF is held, is exempt u/s 10(35). IF you have any further query, pls ask for clarification.
The taxability of mutual fund depends on the type of MF- If it is a long term Equity oriented mutual fund and STT is paid while selling the units of the same, It is exempt u/s 10(38). for Others- they are taxable at the time of maturity only, income during the period MF is held, is exempt u/s 10(35). IF you have any further query, pls ask for clarification.