Can Anyone reply this in this Forum please.
How to know whether a particular MF bought under SIP attracts Income Tax or Not on its redemption.
Bought Following Mutual Funds under SIP. If I sale it today, Will there be any income tax payable or Not as these should be treated as Long Term Capital Gain (STT paid by icicidirect). -- Please Clarify.
Plan Type - Investment
1. SUNDARAM BNP PARIBAS SELECT MIDCAP - GROWTH (Rs. 2000 started Jan'07 - 12 months)
2. HDFC EQUITY FUND - GROWTH PLAN (Rs. 1000 started Jan'07 - 12 months)
3. RELIANCE VISION FUND - GROWTH PLAN - GROWTH OPTION (Rs 1000 started Jan'07 - 12 months)
4. ICICI PRUDENTIAL INFRASTRUCTURE FUND - GROWTH (Rs 2000 started Jan'07 - 6 months)
Please clarify on redemtion how much tax I have to pay.
Regards,
CAclubindia
