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Tax on Mutual Fund

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(Querist)
28 June 2010 Dear all

I have purchased Sundaram BNP Paribas Mutual Fund on dated 23.05.2008 and Birla Sun Life Mutual Fund (SIP @Rs.1000/- per month) SIP Start 14.07.2008

I have sold both Mutual Funds on 31.10.09 and net gain earn Rs.12,344/- now my question is what is my tax liability?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
28 June 2010 Has STT been paid on the sale?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
28 June 2010 Has STT been paid on the sale of the same?
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Deepak Goel

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Deepak Goel (Expert)
28 June 2010 You have to calculate Gain on FIFO method. Tax is NIL on those transactions have been sold after one year period holding and 15% capital gain tax on net in other transactions

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