for capital gain tax can he invest 25 lakh in sbi mutual fund ?

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for capital gain tax can he invest 25 lakh in sbi mutual fund ?

2006-12-06 03:10:26 · 2 answers · asked by pramod_bhikhampur p 2 in Business & Finance ➔ Investing

2 answers

What do you mean? Is your mutual fund paying a year-end capital gain?

If so, you can invest that distribution in any of the funds of that fund family.

2006-12-06 04:06:06 · answer #1 · answered by MR MONEY 3 · 0⤊ 0⤋

Investments in mutual funds is not figuring in the list of approved investments for capital gains under income tax act.

2006-12-06 23:07:25 · answer #2 · answered by cvrk3 4 · 0⤊ 0⤋