Mutual funds
This query is : Resolved
11 April 2014
Dear Sir,
Kindly reply for my query
I have invested Rs.5 lakhs in SBI Mutual funds before 4 years, now that amount accumulated to Rs.7 Lakhs.
Now, what my doubt is, while maturity, whether this returns is taxable or tax free?
Kindly reply for my query
I have invested Rs.5 lakhs in SBI Mutual funds before 4 years, now that amount accumulated to Rs.7 Lakhs.
Now, what my doubt is, while maturity, whether this returns is taxable or tax free?
Nikhil Kaushik
(Expert)
11 April 2014
depends on the scheme invested. long term gains on equity scheme shall be exempt. on debt scheme, there is no exemption.
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