The above rebate is for equity MFs -Originally Posted by Rajat Gupta
If you sell the units within a year of buying, it will attract a short-term capital gains tax of 10%.
If you sell the units after a year, no long-term capital gains tax.
The above rebate is for equity MFs -
If you sell the units within a year of buying, it will attract a short-term capital gains tax of 10%.
If you sell the units after a year, no long-term capital gains tax.
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It is exempt under sec 10 of income tax act.
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