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Taxation of mutual funds

This query is : Resolved 
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(Querist)
31 July 2013 Dear sir
Kindly help me on this. My client has sold some mutual funds which is long term capital asset. It is not a regular business of him. So will this attracts capital gain tax r it is exempted like long term equity shares ?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
01 August 2013 pls specify whether it is equity or debt oriented?
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
31 August 2013 Till you give the details it is difficult to comment. The expert has correctly asked for the details. Kindly provide the same. If it is Equity based then it is LTCG and is exempted.
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