profit from sale of mutual fund unit is taxable???under capital gain head?
1 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14861 Points)
Replied 22 June 2018
investor of Stocks or Equity mutual funds has to pay 10% as taxes on Long Term Capital Gains (realized).
- If you make a gain / profit on your Equity investment that you have held for over 1 year, it will be classified as Long Term Capital Gain .
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