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
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