Query regarding the Income Tax on long term capital gain earned on redemption of hybrid fund
This query is : Resolved
10 July 2022
I invested Rs 5706/- in SBI Equity Hybrid Fund - Reg-Gr on 09.07.2013 and made the switch out on 02.12.2021 (after 3068 days) with the redemption value of Rs. 20424/- thus fetching a long-term capital gain of Rs. 7399/-. Is this LTCG taxable? If yes at which rate?
10 July 2022
This is exempt upto 1 lac
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