Is Reverse SIP MF amount is tax income ?

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  1. Pankaj Thakar

    Pankaj Thakar New Member

    Sir,
    In Feb-14,I have invested 9 lacs form my CPF amount which I received after my retirement in MF.
    I have opted Rs 8000/-per month as auto credit reverse SIP in my bank account.
    Whether this 8000x12=96000/- is taxable income of 15-16?
     
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