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Mutual fund capital gain tax
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Topic: Mutual fund capital gain tax (Read 3465 times)
simran
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Posts: 6
Mutual fund capital gain tax
«
on:
October 04, 2009, 10:27:12 PM »
Hi,
I am planning to sell one mutual fund within 6 months as i earned 1000 Rs profit. I want to know, how much exit load and capital tax MF company deduct before giving my money back. They have 1% exit load. Is both deduction on profit only or principal + profit.
Also, once company deduct this short term capital tax, whether I need to show this profit into next year income tax return or no need, because company already deduct
Simran
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