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Querist : Anonymous

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Querist : Anonymous (Querist)
12 January 2011 Long term capital gain on mutual fund redemption taxable or not?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
12 January 2011 units of a non equity oriented fund will be taxable @ 10% without indexation, or 20% with indexation, whichever is lower
(u/s 112).

units of an equity oriented will be Exempt in case of redemption of units where
STT is payable on redemption [u/s 10(38)].

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