LTCG
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 March 2011
Hi,
If I have sold mutual funds units on which STT is levied. Will I have to pay any tax on the gain?
If I have sold mutual funds units on which STT is levied. Will I have to pay any tax on the gain?
10 March 2011
In case you have sold the units after holding the same for more than one year, the capital gain will be treated as LTCG and it is exempt U/s 10(38).
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