Tax implication on hdfc gold mutual fund (growth fund)

This query is : Resolved

neetu (Querist)
Follow

11 December 2014 CAN ANY ONE PLEASE TELL THE TAXABILITY OF INCOME OF HDFC GOLD MUTUAL FUND (GROWTH FUND).
IS THE DIVIDENDS RECEIVED FROM SUCH MUTUAL FUNDS IS EXEMPT U/S 10(35)?

IF THE CAPITAL GAIN ARISING ON SUCH MUTUAL FUNDS WILL ATTRACT TAX LIABILITY AS GIVEN UNDER SECTION 10(38) IN THE CASE OF LONG TERM CAPITAL GAIN AND @ 15% IN THE CASE OF SHORT TERM CAPITAL GAIN?

IF THE PERIOD OF 12 MONTHS WILL BE CONSIDERED AS A CRITERIA TO DISTINGUISH THE SUCH MUTUAL FUND AS A LONG TERM OR A SHORT TERM CAPITAL ASSET?

PLEASE RESOLVE MY QUERY??????

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

11 December 2014 1. clearify whether it is equity oriented or not?

2.in that section its not taxability but the exemption is given to ltcg on sale of share.

3.yes

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now