banner_ad

Tax on maturity of mutual fund

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 December 2011 Is the amount recevied on the maturity of Mutual Fund liable for Capital Gain Tax?
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
23 December 2011 Yes. If sold after 1 year it will be Long Term Capital Gain and therefore exempt from Tax u/s 10(38). If sold before one year it will be Taxed as Short term capital Gain u/s 111A @15% (SC & Cess As applicable).
Profile Image

Sumiti Jain

Profile Image

Sumiti Jain (Querist)
23 December 2011 But if the money is invested in Debt Based Fund then whether the Maturity money is taxable?
Because Equity Based Fund are free from tax
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
23 December 2011 Debt funds are taxable as LTCG @ 20% with indexation. If listed then option to pay tax on LTCG @ 10% without indexation.
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
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

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

Karia Overseas

Ahmedabad

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details