Can any1 plz tel me what is taxabilty in case of mutual fund which is counted as units and we also took ded'n U/S 80-C, eg. i am investing 10000/- per month in Max New York Life Insurance and for tht i am getting accumlated Units for each premium. So on maturity what abt taxabiltiy 1)if i shown in Assets 2) if i debited to cap a/c every year. And tell me whether it is fully exepmt from tax?????? plz rly soon.........
Menu
Taxability of Mutual Fund with proper example
Replies (3)
Enjoy your mutual fund without tax for your life if u sell after 1 year.
Can u plz explain my Question wid proper ans using suitable example.......specifically Max New York Life Insurance of whic i get units.
and ya 1more thing can u plz let me knw what type of itr to be use for which source of income for A.Y.:2011-12.
ITR-1S,2,3,4,4S,5,6,7,8.
Please...thankx...
Recent Topics :
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
Related Topics :
CAclubindia
