30 December 2011
I had invested in Mutual Fund (Growth Scheme) having Lock in period of 3 yrs. (1)After Lock in period when i recover on Current NAV than are the receipts Taxable ?
As per Capital gains if my year of holding exceed more than 1 yr than my receipts will be exempt. What will be implication of TAX on maturity ?
(2)And what if i Sell the Mutual Fund before Lock in Period though it Exceed more than 1 yr of holding . What will be the TAX implications?
CAclubindia
