Sale of mutual fund is taxable? If yes than under which head?
Parth Shah (Non) (38 Points)
22 April 2014Sale of mutual fund is taxable? If yes than under which head?
DINESH
(VKC)
(41 Points)
Replied 22 April 2014
yes taxable under the head capital gains;
in case of equity mutual funds long term capital gain is exempted..