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Mutual fund redemption in mar-18

This query is : Resolved 
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(Querist)
05 July 2018 Hello Sir,
I have invested in September 2014 – Mutual Fund – Axis Hybrid Fund – Series 15 (1275 Days) Rs.1,30,000/- & on redemption received Rs.161,000/- in Mar-18.
Please confirm whether this LTCG of Rs. 31000/- is taxable or not. If yes @ what rate ?
According to the finance minister in his Budget 2018-19, has proposed to tax long term capitals gains of over Rs 1 lakh at 10% without indexation benefit.

Regards,

Aditi Sharma
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DINESH NAGPAUL

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DINESH NAGPAUL (Expert)
06 July 2018 The amount is totally taxable like debt mutual funds. You may take the benefit of indexation as it is long term capital gain.
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