How do someone calculate tax for incomes from mutual funds only (and not direct stocks)?
There are Equity/Debt, and both have Growth/Dividend. If I have 1/2 funds of all these types, how will it be calculated?
Is it for profits only? Or, is it for loss as well? Will tax be -ve then?
Or is it for the sum of all, and not per individual schemes? What happens if sum is -ve?
What are the rates? Same as regular income slabs or different?
If I made some profit, but don’t redeem it, is it taxable?
Also, if I do redeem it and invest it immediately in a new one, will it still be taxable?
Is there any tax on dividend?