Sip redumption taxability
This query is : Resolved
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 ?
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 ?
07 July 2014
since they are for more then 3 years they are long term hence exempted u/s 10.
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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