Profit on sale of mutual fund
Tax Concept (Business & Economy Website) (134 Points)
26 July 2017My question is that Profit on sale of Mutual Fund exempt or not.
Tax Concept (Business & Economy Website) (134 Points)
26 July 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178231 Points)
Replied 26 July 2017
Only long term capital gains (holding period 12 months or more) from equity oriented funds........... is taxfree