Poonawalla fincorps
Poonawalla fincorps

Mutual fund

This query is : Resolved 
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(Querist)
04 September 2015 sir i need to knw that the amount received from mutual fund is exempt from tax or not
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DINESH NAGPAUL

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DINESH NAGPAUL (Expert)
05 September 2015 Amount received on redemption of mutual funds alongwith profits upon it would all be tax free in hands of investor on equity based mutual funds just after a period of one year. In the case of debt mutual funds those are taxable.

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