Sale of mutual fund is taxable part of income?

Question

Sale of mutual fund is taxable part of income?

Answer 1

if you selling a mutual funds units after holding it for more than one year, no tax at all. but if the units have been sold before one year, then the profit ( if any ) is known as short term capital gain and you have to pay 10 % tax on this profit.

Answer 2

mutual fund income & loss not taxble part of the income.