Redemption of units of mutual funds - capital gain or business ...

Mutual Fund Redemptions Taxed as Capital Gains, Not Business Income, Regardless of Holding Period.

October 23, 2018

Case Laws Income Tax AT

Redemption of units of mutual funds - capital gain or business income - the intention for purchase of mutual funds was only for the purpose of investment and held for benefits accruing thereon - Though the mutual funds are for a period less than 12 months, redemption of units of mutual funds is to be taxed as capital gains and not as business.

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Redemption of units of mutual funds - capital gain or business ...

Mutual Fund Redemptions Taxed as Capital Gains, Not Business Income, Regardless of Holding Period.

October 23, 2018

Case Laws Income Tax AT

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