Is their any Tax Liability on redemption of Mutual Fund under SIP ?

POSTED BY Amit Gulati ON October 3, 2013 10:57 pm ONE COMMENT

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

Amit

One reply on this article “Is their any Tax Liability on redemption of Mutual Fund under SIP ?”

  1. ashalanshu says:
    October 4, 2013 at 9:00 am

    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.

    Thanks

    Ashal

    Reply

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