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Sip redumption taxability

This query is : Resolved 
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(Querist)
07 July 2014 Hello,

i invested in SIP of HDFC and Reliance Mutual Funds 3 years ago , now in current year SIP is going to redeem.

and my question is that whether Redeemed SIP are taxable or not to me ?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
07 July 2014 since they are for more then 3 years they are long term hence exempted u/s 10.
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Rupesh Jain

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Rupesh Jain (Expert)
08 July 2014 if it is equity related MF then no taxable but if it is related to debt fund then you can get indexation benefit and pay LTCG.
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