hi,
Can anyone please explain the tax treatment on Fixed Maturity Plans (growth option). What is the time period in order to qualify for LTCG tax? Is it one year or three years?
Regards,
Hari
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Tax treatment on fmp
Replies (2)
hi,
from 11 july,2014, holding period for FMP to qualify for LTCG will be more than 36 months. tax will be calculated @ 20% with indexation added with cess and surcharge, if any
Agree with dharmesh. After the said amendment, tax treatment of non equity instrument underwent change. So for FMP period is 3 years.
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