Can a refund be claimed if your mutual fund incurs a loss?

Gains from mutual funds are taxed as capital gains whenever the investment is redeemed. If someone has invested in equity funds and the investment is sold within a year, the gains (short-term capital gains) are taxed at 15 per cent. If they are sold after a year, the gains (long-term capital gains) beyond Rs 1 lakh are taxed at 10 per cent.

This article was originally published on July 25, 2022.