Mutual fund
This query is : Resolved
SIRISH JAIN
(Querist)
04 September 2015
sir i need to knw that the amount received from mutual fund is exempt from tax or not
DINESH NAGPAUL
(Expert)
05 September 2015
Amount received on redemption of mutual funds alongwith profits upon it would all be tax free in hands of investor on equity based mutual funds just after a period of one year. In the case of debt mutual funds those are taxable.
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