Mutual fund redemption in mar-18
This query is : Resolved
Night Watchmans
(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
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
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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