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Inherited Mutual funds tax

ITR Filing 252 views 1 replies

Hi,

I inherited as nominee for mutual fund which were on my father name. There is capital gain of 2L on them, couple of questions:
1. Should I redeem them directly on my account or transfer the funds to my name first?


2. Would on redemption the capital gain tax implication applied on my ITR?

Replies (1)
  1. You can directly redeem, the amount will be credited to your linked account.
  2.  Yes.


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