Capital Gain on Mutual Fund

Is it mutual fund oriented unit? If you have paid STT on it. this LTCG will exempt after 1 year.

the units sold, purchased within a year are STCA and rest are LTCA attracts STCG and LTCG resp.

and on mutual funds LTCG (if STT is paid i.e as in ur case) is exempt..

Hi

@ Pankaj : Yes it is a Mutual fund oriented one and STT has also been paid at the time of sale. Thanks . . .

@ Dheeraj : The only doubt is that as per policy he has to invest monthly for 36 months but he withdrew half way through and wanted to know whether pre closure can be considered as LTCG ? Thanks . . . .

Than its exempt from tax..