Hi,
I want to understand following:
1. MF Taxation u/s 112(1) states that “With effect from April 1, 2000, Long-term Capital Gains on sale of units of mutual funds to be taxed @ 10% without indexation benefit or @20% with indexation benefit, whichever is less.”. What is difference between w indexation & w/o indexation?
2. Do SWP and MIP are interchangeable terms?
3. Does SWP is a better option than one time complete redemption?
thanks.