If I sell off my holding of mutual fund, index fund, ELSS,share after 3 years and above, -
1. will the profit be taxable under capital gain tax or income tax act?
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Regarding taxation in Mutual Funds
Replies (3)
Yes it will be taxable under CG
LTCG tax is applicable @ 10% if capital gain exceeds Rs. 1 lakh a year and no indexation benefits.
Thank u very much sir
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