Mutualfunds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 August 2014
WHETHER FUNDS ARE TAXABLE ?
IF YES UNDER WHICH SEC. IT IS MENTIONED .
IF YES UNDER WHICH SEC. IT IS MENTIONED .
28 August 2014
equity oriented are not taxable and hence exempted......
Rupesh Jain
(Expert)
28 August 2014
equity oriented long term unit and you pay STT on sale then no taxable.
if not pay STT and Long term (period over 12 month) listed in stock exchange then you have to pay tax . if you take indexation then pay 20% tax . w/o indexation pay tax @ 10%.
if not pay STT and Long term (period over 12 month) listed in stock exchange then you have to pay tax . if you take indexation then pay 20% tax . w/o indexation pay tax @ 10%.
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