Sale of mutual fund units is taxable

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hyd
39 Points Posted on 26 September 2016
My friend is purchased mutual Funds units in 2007 then sale in 2013 is it taxable or not (hdfc Mutual fund)
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On 26 September 2016 at 12:54 Report
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SEO Sai Gr. Hosp.
212542 Points Posted on 26 September 2016

If the units were equity based, then no tax liability; otherwise capital gain tax after indexation.

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On 26 September 2016 at 15:33
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Chartered Accountant
2229 Points Posted on 26 September 2016
No ltcg on sale of equity oriented mutual fund STT paid.
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On 26 September 2016 at 18:22

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