What are tax implications to resident unit holders?

What are tax implications to resident unit holders?

Priyanka Gupta Accountant Asked on December 15, 2014 in Funds.
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1 Answer(s)

The key tax implications applicable to unit holders based on the relevant provisions under the Income-tax Act, 1961 (‘Act’), the Wealth-tax Act, 1957 and the Finance Act, 2006.

The tax implications of the following income received by the investors are discussed below:

Income on units (other than sale/redemption);
Income on sale/redemption of the units

pooja Trainee Answered on December 17, 2014.
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