WebMar 24, 2024 · No differentiation between LTCG and STCG in debt funds now. Your debt fund capital gains will be taxed as per your income tax slab rates at all times. This rule will … WebSep 19, 2024 · STCG on debt mutual funds is charged as per the assessee’s tax slab. For instance, if your current income excluding the STCG is already more than ₹10,00,000 and …
Mutual Funds Taxation - What are Mutual fund Tax Rules in 2024-22
WebSep 13, 2024 · STCG on equity mutual funds is taxed under Section 111A of the Income Tax Act. The STCG tax rate on mutual funds is 15%. 3. Taxability of STCG on Debt Funds For taxation purposes, any mutual fund investing less than 65% in Indian equity and related … WebThe tax rate on short-term capital gain on Mutual Funds, therefore applicable, is the same as the slab rate to which total taxable income belongs. Suppose Mr Anil, who is 45 years of … john redington
Mutual Funds Taxation Rules FY 2024-21 Budget 2024
Weboriented mutual funds, listed securities like debentures and Government securities, Units of UTI and Zero Coupon Bonds, the period of holding to be considered is 12 months instead … WebNov 16, 2024 · STCG on listed equity shares and equity oriented mutual funds is taxed at special rate of 15%, irrespective of the tax slab that the individual falls in. Non-residents … john reding obituary