Is the amount received on the maturity of the Mutual Fund liable to Capital Gain Tax?
Sumiti Jain (FP) (1364 Points)
23 December 2011Is the amount received on the maturity of the Mutual Fund liable to Capital Gain Tax?
ashish gupta
( student)
(1922 Points)
Replied 23 December 2011
yes but if the period is more than 1 year than its exempt
Sumiti Jain
(FP)
(1364 Points)
Replied 23 December 2011
But if the money is invested in Debt Based Funds not in Equity Fund then what will be the position for the long term Maturity amt.?
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
