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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Tax implications of Mutual fund
Replies (5)
Quick Summary
Equity or debt fund ?
Equity
If you withdrawal less than a year then @ 15% tax will be there
Yep taxable under capital gain, taxability will define by period of holding
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
you can request capital gain statement from your mutual fund entity also
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