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 approved, would result in the loss of significant benefits available to investors in the form of indexation on long-term capital gains. WebCapital gains (LTCG and STCG) on debt funds In case of debt funds (less than 65% in equities), the definition of long term is a holding period of more than 3 years. Any debt fund holding of less than 3 years will be classified as short …
Finance Bill 2024: Amendment to capital gain tax to take sheen off …
WebApr 25, 2024 · SHORT TERM CAPITAL GAIN (STCG): Debt funds that are held for less than three years are taxed as Short Term Capital Gain. STCG for debt mutual funds … 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 ... ship furniture from us to canada
Calculation of long-term capital gain on Debt Mutual Funds
WebAug 5, 2024 · In case of the debt funds, the gains incurred on the sale of a mutual fund before three years are considered short-term and are added to the income and taxed as per slab, while gains incurred ... 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 to your income. However, if the holding period exceeds 36 months, then gains are called long-term capital gains (LTCG). WebApr 13, 2024 · The short-term capital gain tax rate for shares other than Section 111A is at the standard tax rate. For individuals, it is per the income tax slab rate of the individual. Short-term capital gain is not tax-free. Taxpayers with the lowest income will be liable to short-term capital gain tax at ten per cent. Below is a list of a few instruments ... ship furniture to another statfedex freight