POSTED BY October 3, 2013 10:57 pm ONE COMMENTON
Hi I need some advice
I started investing in yr 2008 under two HDFC schemes (Equity Fund ) & top 200 under SIP. If i reedeem amount say uptill year 2012 , is their any tax liability ?
Thanks in advance
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One reply on this article “Is their any Tax Liability on redemption of Mutual Fund under SIP ?”
Dear Amit, the SIPs which have not completed 1Y of holding ‘ll be taxable for gains if any. Anything more than 1Y old is tax free.