Basic Exemption and LTCG

476 views
User Avatar

Retired
42 Points Posted on 02 February 2025

I am a senior citizen with income only from Income Mutual Fund LTCG. The Income Mutual Funds are purchased before 01 April 2023.

Does budget 2025 provide Basic Exemption of ₹4Lakhs on Income Mutual Fund LTCG? 

Thanks 

0 Reply Share Follow
On 02 February 2025 at 17:04 Report
Replies (4)
Quick Summary
This discussion clarifies whether the ₹4 lakh basic exemption introduced in Budget 2025 applies to Long Term Capital Gains (LTCG) from Income Mutual Funds purchased before April 1, 2023. The consensus is that the basic exemption is generally for salary income and does not extend to LTCG tax on mutual funds.

User Avatar

SEO Sai Gr. Hosp.
212489 Points Posted on 02 February 2025

Yes....                                          

Reply
On 02 February 2025 at 21:53
User Avatar

Retired
42 Points Posted on 02 February 2025

Thank you for your prompt reply.

Reply
On 02 February 2025 at 22:08
User Avatar

SEO Sai Gr. Hosp.
212489 Points Posted on 02 February 2025

You are welcome.              

Reply
On 02 February 2025 at 22:55
User Avatar

Others
345 Points Posted on 05 February 2025

Basic Excemption is only for Salary income and not for LTCG tax as per CNBC Awaaz.

Reply
On 05 February 2025 at 13:31

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Last Date To Fill ITR For Non-Audit Case
  2. Guidance Required on Filing Fresh Registration und
  3. IT Return Refund Status AY 2026-27
  4. Clarification Regarding Income Tax Demand Notice
  5. Online PAN Download: Check How?
  6. Demand of Late fee/Interest under section 75 of GS
  7. DSC registration on TRACES portal
  8. Can we get registered for MCA if we get a Virtual
  9. DONATION PAYMENT REG
  10. GST IDS Refund – Statement 01A: Invoice Not

More recent discussions | Post

Related Topics :

Loading