What is the tax on selling of Mutual Funds?

I bought mutual funds units in Sept 2019 which I sold in March 2020. What will be it’s tax treatment?

Hey Laxmi,

Capital Gain treatment on the sale of mutual funds depends upon the period of its holding.

If the period of holding is for more than 12 months then Long term Capital Gain will arise otherwise gain will be short term Capital gain.

And since your holding period is less than 12 months, it will be treated as short term capital gains and will be taxed at 15%.