WebSale of such instruments is subject to tax at the rate of 10% if profit generated or long-term capital gain from the sale is more than Rs. 1 lakh. If the long-term gain is less than Rs. 1 lakh, then the profit is exempt from LTCG tax. The securities transaction tax (STT) on the acquisition and sale of equity shares should be paid. WebMar 24, 2024 · Currently, income tax laws allow taxation of these debt mutual fund schemes on the basis of a holding period. Short-term capital gains are taxed at tax rates applicable …
Taxability on mutual funds, 3 ways to save LTCG tax
Web432 Likes, 1 Comments - Vajiram & Ravi (@vajiramandravi) on Instagram: "The Union Government, through Finance Bill 2024, proposed changes in taxation of debt mutual fund..." Vajiram & Ravi on Instagram: "The Union Government, through Finance Bill 2024, proposed changes in taxation of debt mutual funds. WebMar 29, 2024 · 10% over and above Rs. 1,00,000 without indexation. Hybrid Mutual (equity exposure less than 65% of total investment)*. 20% with indexation. *Note: From April … pintucked banded bottom blouse
Mutual Fund Taxation STCG Tax and LTCG Tax On Mutual Funds …
WebMar 14, 2024 · Long-term capital gains taxation on the sale of mutual funds. In India, Long-Term Capital Gains (LTCG) on the sale of equity mutual funds are taxed at 10% if the … WebAug 10, 2024 · Calculating long-term capital gains (LTCG) arising from the sale of equity shares and equity mutual funds has become necessary for filing ITR (income tax return) … WebApr 3, 2024 · Final word. LTCG tax on equity mutual funds is lower than the tax on short-term capital gains (STCG) at a rate of 15%, making long-term investments more tax … pintucked bedding