Taxability of redemption of mutual fund- dividend plan
This query is : Resolved
20 June 2014
Hi
I Need some help about the taxability of amount received on Redemption of Mutual fund-Dividend Plan. after one year
It is dividend plan not growth plan
Whether amount received on redemption of mutual fund is taxable or non taxable.
Pls let me know.
I Need some help about the taxability of amount received on Redemption of Mutual fund-Dividend Plan. after one year
It is dividend plan not growth plan
Whether amount received on redemption of mutual fund is taxable or non taxable.
Pls let me know.
20 June 2014
if your mutul fund is equity base and trading in market hold more than one year on sale you pay STT then capital gain will exempt
if hold not more than one year then it will be taxable as short term capital gain @ 15%
if hold not more than one year then it will be taxable as short term capital gain @ 15%
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