Budget 2018 substantially alters taxation rules for Equity Mutual Funds. A ready reckoner on taxes is available here:
http://www.tatamutualfund.com/docs/other-documents/tax_reckoner.pdf?sfvrsn=24
http://www.tatamutualfund.com/docs/other-documents/tax_reckoner.pdf?sfvrsn=24
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