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capital gains Archives - All About Finance

capital gains

The capital gains will arise at the time of redemption of the units and not at the time of roll over

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Circular No. 6 of 2015 F. No. 133/39/2014-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) 4.      In the case of mutual funds, the unit of a mutual fund constitutes a capital asset and any sale, exchange or relinquishment of such unit is a ‘transfer’ under clause … Read more