Government Moves To Tax Gains From Debt Mutual Funds As Short-Term Capital Gains
Zee Business Video Team | Updated: March 24, 2023 06:09 PM IST
Debt mutual funds, which so far enjoyed taxation benefit as long-term capital gains (LTCG) were taxed at 20% with indexation benefit, stand to lose this advantage from 1 April 2023. The Finance Bill has proposed some amendments. One such amendment is investments in mutual funds with up to 35% equity exposure to domestic companies, essentially debt funds, are liable to be taxed as per the investors’ income tax slab rate.
