05 July 2018
Hello Sir, I have invested in September 2014 – Mutual Fund – Axis Hybrid Fund – Series 15 (1275 Days) Rs.1,30,000/- & on redemption received Rs.161,000/- in Mar-18. Please confirm whether this LTCG of Rs. 31000/- is taxable or not. If yes @ what rate ? According to the finance minister in his Budget 2018-19, has proposed to tax long term capitals gains of over Rs 1 lakh at 10% without indexation benefit.
CAclubindia
