How are mutual funds taxed? – Part II

Last week, we covered the tax rules with regard to all categories of mutual funds. You know that with mutual funds, taxes apply in your hands at the time of your redeeming your fund and that your tax liability depends on how long you held the fund. If you sold all your units at one go and bought it on a single date, it is easy to arrive at the holding… Read more »

Learn how your mutual funds are taxed
How are mutual funds taxed? – Part I

If there is one detail regarding investment that everyone pays close attention to, it is taxation. Here’s putting down what you need to know about your funds and how they are taxed. While much of your other income, such as salary or interest income, is taxed at your slab rate, the gains you receive from mutual funds – called capital gains – have separate taxation provisions. They are called capital… Read more »