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Capital Gain Mutual Fund

This query is : Resolved 

Can any tell me capital gain on redemption of mutual fund calculated on Average cost basis or FIFO basis

thank for ur reply but sir if any ony one apply avg cost in that case is it correct if yes than why

What is VG Cost?
If you refer capital Gain than MF is taxable as Short term if it is hold for less than 12 months
So for Bifurcation you have to calculate Short term profit & long term profit separately

It can only be calculated on FIFO basis. Avg cost even if you apply is incorrect and if offered for tax will lead to misreporting/under reporting of income and can lead to penalty if scrutinised.

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