Mutual Fund Investment in Salary Return

you can claim U/S 80C.

But the lock in period for invmentsment made in mutual fund is 3 years.

If u sold before 3 years. It would be taxable in the hand of the assesse.

the profit / loss arise on the sale of the MF are taxable uner the head capital gain.

if u sold MF after one year , theire will not  be any tax on the profit / loss arises.

But If u sold before one year from the date of purcahse , it would be taxable either at 15% or at normal rates at your choice.

Thanx for the explanation dear.

But there is a conflict.

U've said that "if u sold before 3 years. it would be taxable in the hand of assesse" and again, "If u sold MF after one year, there will not be any tax on the profit/loss arises"

Can't get yar.

1.the mutual fund should be equity oriented tax saver mutual fund for taking benefit u/s 80C not all mutual fund is eligible for tax benefit

2.if u take benefit u/s 80c then lock in period is 3 years

3.if u dont than one years will be treated as long term and gain on it will exempt

4. it means if u take benefit u/s 80C and then sell it before 3 yrs u will be taxed at zero point ( in the year in which u have bought that MF)