Is the income earned from mutual fund
This query is : Resolved
30 May 2009
Is the income earned from mutual fund wich have been claimed under section 80c taxable
30 May 2009
Income from mutual fund is taxable under Capital Gain head.
31 May 2009
But income received in respect of units of a mutual fund specified in section 10(23D) is exempt u/s 10(35) of the Income tax Act,1961.
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