mutual fund units sale

is long term capital gain attracted on sale of mutual fund units
Replies (2)

For  F.Y 2018-19  A.Y 2019-20  New  section 112A  inserted  and   section 10(38)  not applicable  of the Income tax act 1961 . 

If you purchase Mutual funds  after 31/12/2018   and paid  STT  on such  funds  and sale consideration  is more than 100000/-  capital gain tax applicable 

If  purchase before 31/12/2018  then grandfathering effect applicable . 

confirm  with others also. 

Please correct above as purchase before  1/2/2018  insted 31/12/2018 then grandfathering  effect   will applicable . 

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