Capital gains on sale of mutual funds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 May 2011
Short term and Long term capital gains of mututal funds are exempt from income tax act.
please provde the section also.
please provde the section also.
10 May 2011
only long term capital gains on sale of units of equity oriented mutual funds(minimum exposure in equities is 65% and mutual fund should be set up as per sec 10(23D) is exempt under sec.10 (38) of Income Tax Act,1961. short term capital gains are taxable.
13 May 2011
Long term capital gain on sale of equity oriented mutual fund are exempt u/s 10(38).
Short term caiptal gain on sale of mutual fund are taxable @ 15%
Short term caiptal gain on sale of mutual fund are taxable @ 15%
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