I had invested on 15.03.2002 Rs.12500/- in Mutual Fund Units (Pension Plan) of Franklin India.Now on 30.04.2018 Rs.81834.59 received as redemption proceeds of this mutual fund.What is the Tax treatment/Tax liability?
I had invested on 15.03.2002 Rs.12500/- in Mutual Fund Units (Pension Plan) of Franklin India.Now on 30.04.2018 Rs.81834.59 received as redemption proceeds of this mutual fund.What is the Tax treatment/Tax liability?
MUTUAL FUND IS OF TWO TYPES, EQITY FUND AND DEBT FUND
STCG FROM EQUITY FUND TAXABLE @ 15%
LTCG FROM EQUITY FUND TAXABLE @ 10% IF LTCG MORE THAN ONE LAKH IN A YEAR.
STCG FROM DEBT FUND TAXABLE AS PER SLAB RATE APPLICABLE
LTCG FROM DEBT FUND TAXABLE @ 20%
YOUR PLAN SEEMS TO BE DEBT FUND, PLEASE CHECK IT
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