TAX TREATMENT - Q & A Forum

Q & A Forum › Category: Mutual Funds › TAX TREATMENT

asu12 asked 9 years ago

Sir, I have an investment in MF lump sum (equity oriented) . If I will redeem it with in 1 year then I will be under STCG. So my question is how the tax will deduct ? 1} directly from the redeemable fund or 2) I have to pay the tax portion after getting the whole fund value? How I should show this in my annual tax return?

1 Answers

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Sreekanth Staff answered 9 years ago

Hi, Kindly note that mutual fund scheme would not deduct any tax on Capital Gains. You have to disclose the short term capital gain in your Income Tax Return and file your taxes accordingly.