Capital gain tax on equity oriented MF

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Bala1951 asked 8 years ago

Do I have to report in ITR the capital gains on equity oriented MF sold after 1 year from the date of purchase? If the answer is yes,as the CG in this case is exempted from IT where do I report this in ITR?

1 Answers

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Sreekanth Staff answered 8 years ago

Hi, Yes, you can declare the exemption income on realised Long term capital gains from sale of Equity funds under the EI (Exemption income) section of ITR u/s 10(38).