Mutual fund taxability
This query is : Open
Ritesh Singh
(Querist)
20 December 2016
Is mutual fund after maturity taxable? If yes then under which head of income?
KAVIRAJA ADDANGADI
(Expert)
20 December 2016
Yes, mutual funds maturity is taxable if it is short term, long term equity oriented fund are tax exempted.
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Kaushik Joshi
(Expert)
20 December 2016
Dear Ritesh,
Redemption of mutual funds is covered under capital gain. in case of debt oriented funds, holding more than 36 months will make the gain long term@20% else short term. equity oriented shall be as explained by fellow expert.
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