Tax on long term gain of mutual fund elss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 May 2015
Hi,
I invested in ELSS Mutual fund more than 3 years ago
Now i sold units in profit after paying STT
Will this profit liable to Income tax or exempt
I invested in ELSS Mutual fund more than 3 years ago
Now i sold units in profit after paying STT
Will this profit liable to Income tax or exempt
01 May 2015
The period of holding is more thnn 12 months, then capital gain arising out of sale of mutual fund units is exempted. This exemption will be applicable for ELSS fund also.
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