income from debt fund
NirupamPaul (Asst. CS) (53 Points)
18 July 2018
what will be the income tax on income from debt fund in mutual fund ?
2 Replies
saurabh sawlani
(2191 Points)
Replied 18 July 2018
according to short term or long term.. in short term 15% or long term is exempted u/s 10(38)!!! plz correct if i m wrong
sk rizwan
(student)
(37 Points)
Replied 18 July 2018
long term capital gain on debt fund is also taxable. Only long term capital gain on Equity funds are exempt u/s 10(38)
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