Investment in Mutual fund through Lumpsum & Sip
This query is : Open
19 December 2020
Dear Experts,
Pls clarify my following query partain to above subject.
1) is investment through Lumsup & Sip other than ELSS fund need to disclose in return,
2) is investment in ELSS fund is eligible for 80C,
3) is short term capital gain aries redemption of fund before 1 year is to be taxed@15% or as per applicable slab rate, of individual,
4) is long term capital gain upto Rs. 1 Lakh exempt,
Thanks
Nikhil Sharma
Pls clarify my following query partain to above subject.
1) is investment through Lumsup & Sip other than ELSS fund need to disclose in return,
2) is investment in ELSS fund is eligible for 80C,
3) is short term capital gain aries redemption of fund before 1 year is to be taxed@15% or as per applicable slab rate, of individual,
4) is long term capital gain upto Rs. 1 Lakh exempt,
Thanks
Nikhil Sharma
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