HI all
I have 7 L investment in SBI Mutual fund which i did in 2015. Now value around 18 Lakh.
I am willing to redeem it now. So my question is whether i don't need to pay capital gain tax as its fall under god father scheme
or
my investment price is consider fund value which was on Feb 2014 (i.e 12 Lakh) and need to pay capital gain tax on Rs. 6 Lakh (18 L - 12L) = 6 L
I have 7 L investment in SBI Mutual fund which i did in 2015. Now value around 18 Lakh.
I am willing to redeem it now. So my question is whether i don't need to pay capital gain tax as its fall under god father scheme
or
my investment price is consider fund value which was on Feb 2014 (i.e 12 Lakh) and need to pay capital gain tax on Rs. 6 Lakh (18 L - 12L) = 6 L