Is maturity of mutual fund are taxable?
This query is : Resolved
04 July 2014
I have purchased some mutual funds (tax savings & equity linked, close ended)three years ago. Now< I would like to know, is maturity of same mutual funds (principal along with bonus/increment) are taxable? If they are as follows
1. Tax saving Mutual Funds?
2. Other than Tax saving mutual funds?
waiting your valuable suggestion.
Thanks
1. Tax saving Mutual Funds?
2. Other than Tax saving mutual funds?
waiting your valuable suggestion.
Thanks
04 July 2014
check the offer documents and if they mention that its exempted when it becomes matured u/s 10 then its exempted.
Rupesh Jain
(Expert)
04 July 2014
if your MF is equity oriented then income is exempt. it is exempt u/s 10(32).
if it is debt fund related then you take index benefit and pay tax LTCG.
if it is debt fund related then you take index benefit and pay tax LTCG.
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