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Taxation of Mutual Fund
I have purchased mutual funds 3 yrs ago, and at the end of each year i was showing them at NAV on 31st march. This year i sold the mutual fund and calculated the capital gain as the diff b/w sale amount and Nav as on 31 march 2018. Is this treatment correct ?
Replies (1)
No.
As the difference of amount or gain not taxed each year; so offer it based on purchased NAV.
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