Menu
Taxation of investment in mutual funds
Dear sir
i am investing in mutual funds via SIP as well as lumpsum investments. I want to understand taxation i will be subject to in case of sale of units and other income from mutual fund.
Replies (3)
Dear Vaibhav,
Investing in MF through SIP or lumpsum is subjected to incomtax rules of Capital gain. When you redeem the units in MF then only your Capital gain or loss arises. There is nothing like accrud capital gain like accrud interest by a bank which taxed differently.
Hope this might have helped. In case you need further info kindly mail me on my ID
Uteesh Dhar
uteesh @ yahoo.com
Deai r sir supposeiiinvest in Sip for 6 or 12months and on maturity redeem the amount in between no sale purchase is done by me then will that be subject to Stcg ( 6months) and Ltcg(>12 months)
It is very simple. If you redeem an instalment of SIP and if your investment has completed one year it will be LTCG and if it has not completed one year, it will be STCG. THat is it. There should not be any confusion in this.
Recent Topic
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
Related Topics
CAclubindia
