Please validate the following statement.
"Many MF investors think that if they don’t withdraw before March, they have to pay taxes on their return on their investments. This is not true. Even if your gains are more that Rs 1 lakh on the mf investments that you made before January 31 st , 2018, you will not pay any tax on them. The new rule will be applicable only on investments made after January 31,”
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LTCG ON MF Investments
Replies (4)
mutual funds are exempt from tax
Income from the investments made in mf on or after Feb 1st will be chargeable to Tax @ 10% if income is more than 1 lakh...
Is it crct?
Is it crct?
Income from the investments made in mf on or after Feb 1st will be chargeable to Tax @ 10% if income is more than 1 lakh...
Is it crct?
Is it crct?
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