what is the LTCG tax on debt MF (hold for more than 3 years) for gains less than 1 lakh rupees ? Debt MF was bought in March 2014 and it got matured in April 2017 ( more than 3 years ), the capital gains is less than 30K rupess. Is it exempt from LTCG tax ?? If not what is the tax rate Thanks
Is it exempt from LTCG tax ??
NO.
If not what is the tax rate?
20% with indexation....
as per this article gains upto 1 Lakh are tax free and indexation is not allowed for MF.
https://economictimes.indiatimes.com/wealth/tax/understanding-the-new-ltcg-tax-on-equity-and-equity-mutual-fund-units/the-new-ltcg-tax/slideshow/62860584.cms
dhirajlal and nikhil, thanks for your reply
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