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
Highlights:
- The Sagarmatha Jalbidhyut Company’s Initial Public Offering (IPO) has concluded, with 3,58,176 lucky applicants receiving 10 units each.
- The BPW Laghubitta IPO will be completed on Friday; 8,095 applicants will receive 10 units each.
- The Aatmanirbhar Laghubitta IPO will be completed on Sunday; 16,975 applicants will receive 10 units each.
- Supermai Hydropower IPO Allotment to be Concluded Tomorrow Morning
- Shuvam Power’s first public offering allocation will end tomorrow morning; 48,188 lucky applicants will receive 10 units each.
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