how long should i hold mutual fund debit or equity to avoid capital gains completly on redempsion
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capital gains on mutulfund
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hi
1. It should be a long term capital asset to get the exemption.
2. so if is a equity oriented fund and listed in the stock exchange and STT is paid then if it is held for more than 12 months its is considered as long term and it is exempt.
3. In any other case the time is 12 months for treating it as Long term capital Asset. in such cases exemption can be availed U/s.54
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