I have a debt mutual fund Sip for last 6 years. I want to redeem it
and reinvest the whole amount in another equity mf Sip. What is the tax liability?
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Tax liability on Debt SIP
Replies (2)
20% tax will be attracted
Hello Rajiv,
Capital Gains on sale of Debt SIP's attract 20% if the holding period is morethan 3 years & it will be taxed at slab rates if the holding period is lessthan 3 years.
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