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
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What is the ltcg tax on debt mf (hold for more than 3 years) for gains less than 1 lakh rupees ?
Replies (4)
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
as per the article, only equity instruments are tac free upto Rs. 1 lakhs & ur question is about for selling debt mutual funds
dhirajlal and nikhil, thanks for your reply
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