Treatment of income frm equity mf

Ibrahim (Assistant Manager) (83 Points)

27 August 2016  

I had taken personal loan of 5 lakh from bank and invested in equity  mutual fund do i need to pay any tax on this ,i plan to remain invest in it for long term above one year whether the income from these would be treated as capital gain or business income since i have taken a loan

Read more at: /forum/details.asp?mod_id=359396&offset=1#reply