Capital gains
This query is : Resolved
Guest
Guest
(Querist)
11 September 2012
If an assessee invest in Short term fund named as Axis Equity Fund - Dividened option and he shows the profit on Sale/Redemption as dividened from equity
Is this treatment right?
Is this treatment right?
K Srinivas, CMA CS
(Expert)
11 September 2012
Yes, provided the Mutual fund falls under the category of "Equity oriented mutual fund" as per the IT Act.
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