Sale of mutual fund units is taxable
suman (hyd) (39 Points)
26 September 2016
My friend is purchased mutual Funds units in 2007 then sale in 2013 is it taxable or not (hdfc Mutual fund)
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178215 Points)
Replied 26 September 2016
If the units were equity based, then no tax liability; otherwise capital gain tax after indexation.
CA Harshal Totla
(Chartered Accountant)
(2229 Points)
Replied 26 September 2016
No ltcg on sale of equity oriented mutual fund STT paid.
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