I have invested in Fidelity Equity Fund Growth from 23.8.2007 of Rs.5000/- monthly SIP till the date of 23.6.2011 after that I didn't invested and the total invested amount was Rs.230000/- till the date on 23.6.2011 and now I have sold all the units on 14.5.2013 and received the sum of Rs.320000/- sir, I want to ask the following queries
1) Whether the income from sale of investment Units is taxable ? 2) How to calculate the Capital Gain on sale of investment of Units ?
Please mentioned the section wise details Sir i request to you please reply as early as Thanks in Advance RUPESH