Taxability of equity mutual funds
This query is : Resolved
Hardik Dodia
(Querist)
06 September 2015
Hi,
I had invested in Equity Mutual Funds via SIP (HDFC Top 200) since last 3 years. I have redeemed a part of it (Rs. 20000). Is redemption taxable under Capital Gains. If yes, how can I derive the Cost of Mutual Fund? Please guide.
I had invested in Equity Mutual Funds via SIP (HDFC Top 200) since last 3 years. I have redeemed a part of it (Rs. 20000). Is redemption taxable under Capital Gains. If yes, how can I derive the Cost of Mutual Fund? Please guide.
Amol S Joglekar
(Expert)
06 September 2015
long term capital gain is exempt. No need to compute cost of acquisition.
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