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Debt Mutual fund

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157 Points Posted on 06 May 2024
What is the holding period for Debt Mutual fund for Long term capital Asset?
Is there a change from 1st April, 2023 that all debt Mutual funds will be treated as short term capital Asset irrespective of its holding period?
Hence all gain on redemption of debt Mutual fund will be considered as STCG.
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On 06 May 2024 at 16:32 Report
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CA
10436 Points Posted on 07 May 2024
Amendment in Finance Act 2023 is applicable only for those investments made in Debt fund after 1st April 2023. If you have invested before 1st April 2023, you are eligible to consider such sale as long-term capital gain if holding period exceeds 3 years and get 20% Tax with indexation benefit.
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On 07 May 2024 at 06:46
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M
24 Points Posted on 12 March 2025

I have LTCG from the sale of Debt Mutual Fund. All debt funds bought in 2017-18 and sold in Feb 2024.

I also incurred LTCL from sale of my Equity Mutual Fund units.  Can I set off LTCL from Equity fund against the LTCG  from sale of Debt fund mentioned above?

What is the taxation rate if LTCG from the Debt Fund is higher than the set off amount?

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On 12 March 2025 at 13:59


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