Easy Office
LCI Learning

Tax liablity of matual fund maturity

This query is : Open 
Profile Image

Profile Image

(Querist)
19 August 2016 Sir,

Maturity of mutual fund is taxable or exempt of income tax for individual .
Profile Image

Kaushik Joshi

Profile Image

Kaushik Joshi (Expert)
19 August 2016 Dear Anju, Maturity of equity mutual fund having a holding period exceeding 1 year and debt mutual fund with holding period more than 3 years are exempt on maturity. Rest are taxable.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links