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SALE OF MUTUAL FUND

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(Querist)
30 March 2010 hi Friends,

I have a query...

Can you please tell me if a person invest in a tax saving mutual fund with the 3 year locking period...after the end of 3 year he get profit on this mutual fun...

Is it taxable as LTCG ?
If not please provide me the refring section..

Thanks
Anil
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Rasesh

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Rasesh (Expert)
30 March 2010 The LTCG is tax free.
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Nazir

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Nazir (Expert)
30 March 2010 plz chk whether it is taxfree in ur hand u/s 10(10)(D)

Nazir
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Rasesh

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Rasesh (Expert)
31 March 2010 LTCG on equity oriented MF is tax free. ELSS fall under this category only and the LTCG is tax free
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Anil Kumar Meena

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Anil Kumar Meena (Querist)
31 March 2010 ya its relating to 10(23D)
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Anil Kumar Meena

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Anil Kumar Meena (Querist)
05 April 2010 de

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