Hi
I wish to know how is the income from mutual fund investment taxed? Does the income come under capital gains also if it is kept for more than three years.
Nagaraja K
nagaraja k (Financial Advisory) (47 Points)
04 July 2010Hi
I wish to know how is the income from mutual fund investment taxed? Does the income come under capital gains also if it is kept for more than three years.
Nagaraja K
madhur gupta
(student/article )
(1022 Points)
Replied 04 July 2010
dividend received from mutual funds is exempt
however capital gain will attract on sale of mutual funda
upto 12 months ----short term later long term
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
CAclubindia
