Sir, I have subscribed for 2 MF (equity) Dividend re-investment plan schemes for a period of 10 years and more. Now 8 years completed and I want to redeem the fund. Is the amount received is taxable. If taxable on what amount tax to be calculated.
1) If received after Maturity is it taxable or exempted
2) If surrendered before maturity?
Pl. reply with details.
VDN - email id: vdnvnt @ yahoo.com
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