WebApr 12, 2024 · As per the amended Finance Bill, capital gains on debt mutual funds (whether short-term or long-term capital gains) will now be added to your income and … WebMar 24, 2024 · The latest proposed amendment to the Finance Bill 2024 classifying capital gains arising from debt mutual funds as short-term gains will increase the tax burden on investors. As per...
Why debt mutual funds saw highest outlows in six months in March
WebFeb 21, 2024 · The Mutual Fund Taxation FY 2024-23 / AY 2024-24 and applicable Capital Gain Tax Rates are as below. There is no change in Capital Gain Tax Rates from the last year. Hence, the old rates will be applicable for FY 2024-23 also. Note -Surcharge @ 15%, is applicable where the income of Individual/HUF unit holders exceeds Rs. 1 crore. WebMar 24, 2024 · The Indian government is moving to treat gains arising from debt mutual funds as short-term capital gains via an amendment to the Finance Bill. The change, if … timmy super hero
Short-Term capital gains on Mutual Funds: Tax Implications
WebJul 16, 2024 · Fund type: Short-term capital gains: Long-term capital gains: Equity funds: 15%: Up to Rs 1 lakh – Nil Above Rs 1 lakh – 10%: Debt funds: Taxed at the investor’s income tax slab rate: 20% with Indexation: Hybrid equity-oriented funds: 15%: Up to Rs 1 lakh – Nil Above Rs 1 lakh – 10%: Hybrid debt-oriented funds: Taxed at the investor ... WebMar 14, 2024 · Debt-oriented mutual funds are when a mutual fund portfolio has an exposure of more than 65% debt. Short-term capital gains are when it is redeemed within 1 to 3 years. These gains are included in the investor's taxable income and taxed based on the slab rate of the investor. Long-term capital gains are when it is redeemed after 3 … WebMar 2, 2024 · 1. The Taxability of short-term capital gains on mutual funds depends on the category of Mutual fund. 2. In the case of the equity-oriented mutual fund, tax at the rate of 15% is levied on Short term capital gains. 3. If it is debt oriented mutual fund transaction, the tax will be charged based on the normal tax rate applicable to the … parkview centre for health \u0026 wellbeing london