Equity oriented mutual

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RONI (Querist)
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15 July 2019 Sir,
I want to calculate capital gain on redeemption of equity oriented mutual fund.Its holding period is 14 months.
Whether it will exempt from tax

swasti

swasti (Expert)
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15 July 2019 You have to show it in Schedule CG - capital gain after taking grandfathering effect as per the schedule of ITR-2. Also details have to be given in Schedule 112A as given in the utility. Gain above Rs 1 Lac would amount to tax liability @ 10%.

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