Taxation of mutual fund

YOue invsetment in Mutual Fund is to be calculated seprately for each monthe and investment block is to be seprated say holding for the period of more than 12 months and less then 12 months. Accordily block of units hold for more then 12 months will be long term and rest will be short term capiltal gain. If you redeem it in part then FIFO method is to adopted for working of capital gain.

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