SALE OF MUTUAL FUND
This query is : Resolved
Anil Kumar Meena
(Querist)
30 March 2010
hi Friends,
I have a query...
Can you please tell me if a person invest in a tax saving mutual fund with the 3 year locking period...after the end of 3 year he get profit on this mutual fun...
Is it taxable as LTCG ?
If not please provide me the refring section..
Thanks
Anil
I have a query...
Can you please tell me if a person invest in a tax saving mutual fund with the 3 year locking period...after the end of 3 year he get profit on this mutual fun...
Is it taxable as LTCG ?
If not please provide me the refring section..
Thanks
Anil
31 March 2010
LTCG on equity oriented MF is tax free. ELSS fall under this category only and the LTCG is tax free
Anil Kumar Meena
(Querist)
31 March 2010
ya its relating to 10(23D)
Anil Kumar Meena
(Querist)
05 April 2010
de
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