Taxation of investment in mutual fund
This query is : Resolved
31 July 2011
What is tax treatment of Mutual Funds Investment & SIP in Mutual Fund .
31 July 2011
On mutual Fund investment deduction u/s 80C is available and on receipt of dividend the same is exempted. If mutual fund is encashed within 1 year and there is any profit then it is treated as short term capital gain and you have to pay Income Tax on profit @15%. If it is more than 1 year then there is no tax as it is long term capital gains. In case of loss it is also long term capital loss and shall be adjusted only against long term capital gains.
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