Tax on mutual fund withdrawal

343 views
User Avatar

artricled assistant
34 Points Posted on 17 July 2023
Hi.. What is the tax implication if I withdraw only the invested amount 9f mutual fund and not the gains portion? I can we do the same?
0 Reply Share Follow
On 17 July 2023 at 08:39 Report
Replies (2)
Quick Summary
This discussion explores the tax implications of withdrawing only the invested capital from a mutual fund, rather than the profits. The user wants to know if it's possible to withdraw their initial investment of £300,000 when their gains are £200,000, and what the tax consequences would be.

User Avatar

Profession
28269 Points Posted on 17 July 2023
Post details of investment and amount.
Reply
On 17 July 2023 at 09:04
User Avatar

artricled assistant
34 Points Posted on 17 July 2023
Suppose investment amount is 3 lacs and gains is 2 lacs.. I want to withdraw only invested amt of 3 lacs.. Then what will be the tax implications
Reply
On 17 July 2023 at 09:22

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Foreign remittance
  2. Affordable Residential Flats in Gurgaon
  3. Manufacturing
  4. TAN REGISTRATION ON E-FILLING SITE
  5. Form 10-IEA – Continuing Old Regime
  6. Income tax act 2026
  7. Belated Return where Form 10IEA filed this year to
  8. GST Reconciliation Tool (2A vs Books) - looking fo
  9. TDS ON PF FORM 19 WITHDRAWAL
  10. Can a virtual office in Mumbai be used for company

More recent discussions | Post

Related Topics :

Loading