Taxability of fmp return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2014
Can anyone tell me whether income from FMPs of different MF Houses attracts income tax or not. Also whether income from debt funds are taxable or not.
05 March 2014
yes it does attract taxation. yes income from debt funds is taxable irrespective of whether the income is short term or long term gains.
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