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Monday, August 20, 2018

LTCG Tax on Partial Withdrawals from MFs

Best SIP Funds to Invest Online 

The method to be used while ascertaining capital gains when the investment is made over a period of time

The principle being followed is First-in-First-out (FIFO). If you have invested over a period of time, your oldest units are redeemed first. The difference between the date of purchase and date of redemption of those units is calculated. If it is more than 365 days, it will be considered as long-term capital gains. If it is 365 days or less, they are considered as short-term capital gains.

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