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Losses Not Taxable

Any booked losses incurred from equity mutual funds are not liable to be taxed…

What are the tax implications on equity mutual funds? Is there any tax liability if I book losses?
- Deepak Garg

In case of equity mutual fund investments, you pay tax only on short-term capital gains. The current tax rate is 15 per cent on the amount of gain if the fund is sold within one year. If the instrument is held for a year, there is no tax liability. In case of a loss (irrespective of the period of holding), you are not liable to any tax.

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