banner_ad

Maturity of mutual fund

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 March 2012 A Unit holder received amount through Maturity of mutual fund, is it taxable or not ,if taxable under which head?
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
31 March 2012 Taxability depends on the period of holding.

Period of holding is the difference between the date of transfer and the date of acquisition.

If the period of holding is 12 months or more, then the gain is exempt.

If the period is less than 12 months, then the gain is taxable as Short Term Capital Gain under the head Capital Gains.

So, you will have to calculate the period of holding of the units of the mutual fund.

If you have invested by way of SIP, period of holding shall be calculated separately for each SIP instalment.
Profile Image

CA CS Amit S. Kedia

Profile Image

CA CS Amit S. Kedia (Expert)
31 March 2012 Dear Friend,

The taxability of mutual fund depends on the type of MF-
If it is a long term Equity oriented mutual fund and STT is paid while selling the units of the same, It is exempt u/s 10(38).
for Others-
they are taxable at the time of maturity only, income during the period MF is held, is exempt u/s 10(35).
IF you have any further query, pls ask for clarification.
Profile Image

CA CS Amit S. Kedia

Profile Image

CA CS Amit S. Kedia (Expert)
31 March 2012 Dear Friend,

The taxability of mutual fund depends on the type of MF-
If it is a long term Equity oriented mutual fund and STT is paid while selling the units of the same, It is exempt u/s 10(38).
for Others-
they are taxable at the time of maturity only, income during the period MF is held, is exempt u/s 10(35).
IF you have any further query, pls ask for clarification.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details