Is there a provision for capital gain tax on mutual funds? If there is, how much capital gain tax is to be paid? Are closed-ended mutual funds and open-ended mutual funds treated the same for the purpose of taxation?
View on r/NepalStock by Massive_Belt_538
![[deleted] Avatar](https://secure.gravatar.com/avatar/?s=50&d=mm&r=g){kind=avatar}
Yes it is taxable
Nothing is certain except death and taxes.
Yes, there is the same provision of taxes for closed ended and open ended mutual funds. CGT is 7.5% for gain in less than a year and 5% for gain in over a year. Tax is taken during distributions (dividend payout and during maturity)
close ended yes dont know about open ended
Leave a Reply