income from mutual fund

AJAY KUMAR (ACCOUNTANT) (43 Points)

23 April 2019  
I invested Rs 5crore in UTI mutual fund in Jan 18. In March 29 I requested to my fund manager for cancellation. my request for cancellation is accepted by UTI on 29 march 2019 and fund is released in my account in 2nd April 2019.now my question is 1) in which year income is recognized and 2 ) income is long term or short term