Tax on SIP investments | Value Research Gains from investments held in equity funds for more than one year are tax-free
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Tax on SIP investments

Gains from investments held in equity funds for more than one year are tax-free

I had purchased Birla Sun Life'95 fund-Growth & ICICI Prudential Focused Blue Chip Fund-regular plan -growth through SIP w.e.f 15 January 2012 and got the same redeemed in 10 January 2015. What is the tax implication?
- M K Shah

Since both your investments were in equity schemes and you have held them for more than one year, you are not liable to pay any taxes. This is because long term capital gains from equity are tax-free.


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