Mutual Fund Q&A September 22, 2017 FundooMoney

Mutual Fund Q&A September 22, 2017

We answer a viewer question on how income tax filing is done for long term capital gains from equity funds.

Edited Highlights 1:35 Debkanta Paul writes to us that since long capital gains on equity funds is zero after one year, does one need to report in the filing of income tax return? 1:53 If you are earning any income, you need to report it 1:56 First you do the reporting and then you claim the exemption in your income tax return