Fri, Mar 24, 2023
Debt mutual funds, which so far enjoyed taxation benefit as long-term capital gains (LTCG) were taxed at 20% with indexation benefit, stand to lose this advantage from 1 April 2023. The Finance Bill has proposed some amendments. One such amendment is investments in mutual funds with up to 35% equity exposure to domestic companies, essentially debt funds, are liable to be taxed as per the investors’ income tax slab rate.
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Fri, Feb 09, 2018
FM Jaitley proposed to tax LTCG exceeding Rs 1 Lakh at the rate of 10% without allowing the benefit of any indexation, saying “all gains up to 31st January, 2018 will be grandfathered.”
Fri, Feb 02, 2018
LTCG deriving from transfer of listed equity shares, units of equity oriented fund, and unit of a business trust are exempt from tax.
Mon, Jan 15, 2018
Currently a person who sell equity shares listed on stock exchanges within 12 months of their buying, then they enter into short term capital gain
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