banner_ad

SALE OF MUTUAL FUND

This query is : Resolved 
Profile Image

Profile Image

(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
Profile Image

Rasesh

Profile Image

Rasesh (Expert)
30 March 2010 The LTCG is tax free.
Profile Image

Nazir

Profile Image

Nazir (Expert)
30 March 2010 plz chk whether it is taxfree in ur hand u/s 10(10)(D)

Nazir
Profile Image

Rasesh

Profile Image

Rasesh (Expert)
31 March 2010 LTCG on equity oriented MF is tax free. ELSS fall under this category only and the LTCG is tax free
Profile Image

Anil Kumar Meena

Profile Image

Anil Kumar Meena (Querist)
31 March 2010 ya its relating to 10(23D)
Profile Image

Anil Kumar Meena

Profile Image

Anil Kumar Meena (Querist)
05 April 2010 de
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details