Redemption of units of mutual funds - capital gain or business ...

Income Tax

October 23, 2018

Redemption of units of mutual funds - capital gain or business income - the intention for purchase of mutual funds was only for the purpose of investment and held for benefits accruing thereon - Though the mutual funds are for a period less than 12 months, redemption of units of mutual funds is to be taxed as capital gains and not as business.

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Redemption of units of mutual funds - capital gain or business ...

Income Tax

October 23, 2018

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