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Income tax on income of Mutual fund

This query is : Resolved 
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(Querist)
13 July 2009 Hi All,

Three years back i invested some money on Mutual fund as tax saving fund,

Now,i have sold that mutual fund on muturity,will the income and amount which i had invested in mutual fund is taxable or not,

Also the divident from the Mutual fund is taxable or not?

Thanks in advance to all of u

Parth
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Rajan

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Rajan (Expert)
13 August 2009 Dear Parth,

Your investment in MF is considered as a Long term investment for the purpose of income tax .

Sale of Long Term MF is exempted provided you have paid STT thereon.

Dividend from MF is exempt.
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