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Tax on long term gain of mutual fund elss

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 May 2015 Hi,

I invested in ELSS Mutual fund more than 3 years ago

Now i sold units in profit after paying STT

Will this profit liable to Income tax or exempt
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CA. SHIVA SHANKARA R. SHETTY

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CA. SHIVA SHANKARA R. SHETTY (Expert)
01 May 2015 The period of holding is more thnn 12 months, then capital gain arising out of sale of mutual fund units is exempted. This exemption will be applicable for ELSS fund also.

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