I read some online articles but it is still not very clear to me the taxation rules on income earned from Mutual fund. Can someone help to answer this in plain language for dump person who does not understand technical words of finance domain.
1. % Tax person has to pay for Income earned by dividends for investments in MF.
2. % tax person has to pay if he earns some amount as difference in buying and selling price of mutual funds.
Thanks in advance,
-Vinay