Income Tax on Debt Mutual Funds
This query is : Resolved
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Amshumali Sharman
(Querist)
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?
Nikhil Kaushik
(Expert)
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
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Amshumali Sharman
(Querist)
12 March 2024
Understood. Thanks for the response.
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