In this video, we discuss the tax impact on liquid fund capital gains if the investor exits in nine months.
Edited Highlights
0:20 In this mutual fund Q&A video, we take up a question by viewer Radhakrishna Keny regarding tax on liquid funds
1:17 Radhakrishna wants to know that if he sells off his liquid fund investments in 9 months, what will be the tax implication? Also, which is income tax form to be used--ITR-1 or ITR-2?
1:30 If you have invested in the dividend payout or dividend re-investment option, there is no tax
1:50 In the growth option, since it is short term capital gains, the capital gains will be added to the income and taxed according to the relevant income tax rate
1:58 This will take you to income tax filing form ITR-2
