Investment in sip is exempt or not

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2013 Will you tell me that Under SIP Investment is exempt or not.

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Guest

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Guest (Expert)
27 June 2013 What do you mean by exemption?

The sip amount qualifies for deduction.

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 June 2013 I mean that whether amount invested under SIP is taxable or not. If i redeemed amount under SIP after two years.

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Guest

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Guest (Expert)
28 June 2013 Normally amount of mutual funds is exempted after redemption


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