Upon sale of tax relief mutual fund units, is it chargeable to capital Gains and is there any exemption for the same?
Pankaj Arora
(Learner)
(3134 Points)
Replied 29 January 2011
If Mutual fund unit holding period more than one year and you have paid STT than it will be LTCG tax free.Or if you sell before one year than it will attract STCG.
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