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Mutual funds

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 January 2018 Sir / Madam,

I have my investments in mutual fund - SIPs and lumpsums. I have a query as to whether the maturity of the mutual funds is subjected to tax under Capital Gains ??

Kindly guide me as regards this.

Thank you.
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CA Suresh Jain

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CA Suresh Jain (Expert)
01 January 2018 Taxability is dependent on type of fund. If Equity fund then no CGT but in case of debt fund CGT is applicable
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 January 2018 Sir, I have invested in Balanced Funds. So should it be taxed inspite of maturity being after 4-5 years ?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
30 September 2021 Balance funds are a type of equity fund (being 65% or more in equity), so, any LTCG is exempt in IT act.

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