Taxability of redemption of mutual fund- dividend plan

This query is : Resolved

vipin sharma (Querist)
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20 June 2014 Hi
I Need some help about the taxability of amount received on Redemption of Mutual fund-Dividend Plan. after one year
It is dividend plan not growth plan
Whether amount received on redemption of mutual fund is taxable or non taxable.
Pls let me know.

Rupesh Jain

Rupesh Jain (Expert)
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20 June 2014 if your mutul fund is equity base and trading in market hold more than one year on sale you pay STT then capital gain will exempt

if hold not more than one year then it will be taxable as short term capital gain @ 15%