Debt funds
Ramanathan (Article Assistant) (135 Points)
13 September 2007
Are long term capital gains from units of a Debt Fund (Mutual Fund) taxable?
2 Replies
Nitesh
(Chartered Accountant)
(340 Points)
Replied 13 September 2007
yes it it is taxable. only equity oriented fund are exempted from taxability
tushar jain
(Service)
(107 Points)
Replied 14 September 2007
yes they are. section 10(38) applies only to equity oriented funds.
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