For How many years, On investing in mutual funds, Will not be Tax on profit.

For how many years, On investing in mutual funds, will not be Tax on profit.

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1 Answer(s)

Upon redemption after 3 years, the long term capital gains (LTCG) Up to Rs 1 Lakh are tax-free in your hands. LTCG in excess of Rs 1 Lakh is taxed at the rate of 10% without the benefit of indexation.

 

Answered on March 12, 2019.
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Gen GST