Is mutual fund income is taxable 2024?

Zoe Wilson | 2023-05-07 11:58:04 | page views:1840
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Amelia Martinez

Works at the Fashion Design Studio, Lives in Milan, Italy.
Returns from an equity mutual fund are treated as long term capital gains if investments are held for more than a year. Such returns are completely exempt from income tax according to the current laws. However, if investments are held for one year or less, the returns are taxed under short term capital gains.
2023-05-13 11:58:04

Zoe Brown

QuesHub.com delivers expert answers and knowledge to you.
Returns from an equity mutual fund are treated as long term capital gains if investments are held for more than a year. Such returns are completely exempt from income tax according to the current laws. However, if investments are held for one year or less, the returns are taxed under short term capital gains.
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