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TAX Calc On Different Types Of Mutual Funds? |
Hi,
Can someone please excuse how to calc LTCG and STCG on these. I would like know periods for STCG & LTCG and tax calc methods.
1. Equal MFs
2. MIP MFs (Monthly Income Plan)
3. Equity Diversified
4. LIC BIMA PLUS (Chance an Balanced)
5.
| Answer: Tax implications of Reciprocal Funds: Redeeming an Equity Fund held for > 1 year: No superb gain tax. You pay only STT. Redeeming an Equity Fund held for < 1 year: You pay Marvellous gain tax + surcharge + cess @ 16.48% + STT. Or Capital |
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