06 July 2008
If an assessee made an investment in Mutual Fund of 1 cr n later on he withdraws money from Mutual fund in part as he requires say 20L 50L then that withdrawal are liable for Capital Gain Tax
07 July 2008
u r right, u will have to calculate the diff b/w redumption value and the cost and the same will be either short term or long term cap gain depending upon the period of holding