Capital gains
This query is : Resolved
Guest
Guest
(Querist)
11 September 2012
If an assessee invest in Short term fund named as Axis Equity Fund - Dividened option and he shows the profit on Sale/Redemption as dividened from equity
Is this treatment right?
Is this treatment right?
11 September 2012
Yes, provided the Mutual fund falls under the category of "Equity oriented mutual fund" as per the IT Act.
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