Income Tax on Debt Mutual Funds
This query is : Resolved
Quick Summary
12 March 2024
Hello,
Since the indexation benefit has been removed vide the Finance Bill, 2023, is the indexation benefit applicable to debt funds purchased before 1st April, 2023 and the gain taxable @ 20%?Or is it taxable @ 10%/the slab rates?
Since the indexation benefit has been removed vide the Finance Bill, 2023, is the indexation benefit applicable to debt funds purchased before 1st April, 2023 and the gain taxable @ 20%?Or is it taxable @ 10%/the slab rates?
12 March 2024
it will be taxable at slab rates. this article should be helpful for different scenarios - https://cleartax.in/s/different-mutual-funds-taxed
Message likes :
1 times
12 March 2024
Understood. Thanks for the response.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Gift Received from nonblood relative
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- FTS Taxable under 115A
- Experts need help
- Rental income gst and it purpose
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
