Mutual funds
This query is : Resolved
Querist : Anonymous
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.
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.
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
Querist : Anonymous
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 ?
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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