MF Redemption date and amount

Q & A ForumCategory: Mutual FundsMF Redemption date and amount
asu12 asked 8 years ago
Sir, I submitted a redemption application form on 29th Jan,2018 at UTI Mutual Fund office related to my lump sum investment long term (investment period was above 1 Year) and the LTCG on that date was above Rs.1 lakh . But the total amount came into my Bank account on 1st feb,2018. so I want to know that, is the new rule applicable to me (i.e.10% on LTCG above Rs.1Lakh) or not? Please give the valuable suggestion from your end.
1 Answers
Sreekanth Staff answered 8 years ago
Hi, No, it is not applicable. As LTCG realized before 31-03-2018 is tax-exempt.
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