I hav Query regarding Capital Gain Implication in case of SIP Mutual Fund Sir, this type of mutual fund has an investment of a particular amount every month and at end the Mutual fund comapny has redemmed all the unit. So, wat would be implication in Capital Gain implication on the same.
29 June 2010
There will be short term cap. gain on investment made within last 12 months from the date of redemption of MF and on investment made in the months more than 12 months form the date of redemption, there will be long term cap. gain. calculate capital gain on investment made in each month separately.
CAclubindia
