Tax implications of Mutual fund

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3 Points Posted on 04 January 2021
are there any tax implications for withdrawal of my Mutual fund amount?
I have had Sip in a mutual fund which I want to withdraw, total amount being 4400.
are there any tax implications?
SIP's were for a period of 12 months.
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On 04 January 2021 at 12:57 Report
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Quick Summary
Withdrawing from a mutual fund, especially an equity fund, can have tax implications. If you withdraw within a year of investment, capital gains tax at 15% typically applies. Each SIP instalment is treated as a separate investment, with taxability determined by its individual holding period. You can obtain a capital gains statement from your fund house for accurate calculations.

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Tax consultant
5895 Points Posted on 04 January 2021
Equity or debt fund ?
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On 04 January 2021 at 14:39
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3 Points Posted on 04 January 2021
Equity
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On 04 January 2021 at 14:40
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Tax consultant
5895 Points Posted on 04 January 2021
If you withdrawal less than a year then @ 15% tax will be there
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On 04 January 2021 at 14:45
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Accountant
4533 Points Posted on 04 January 2021
Yep taxable under capital gain, taxability will define by period of holding
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On 04 January 2021 at 16:36
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524 Points Posted on 04 January 2021
In sip every installment you have made is considered as seperate investment and accordingly it is taxable

you can request capital gain statement from your mutual fund entity also
1 Reply
On 04 January 2021 at 18:26

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