Wed, Apr 17, 2024
Mutual Fund Tax Treatment: As per Indian tax laws, any equity fund with more than 65 per cent exposure in Indian equities are defined as an “equity funds” for tax purposes. Gains from equity funds are taxed at 15 per cent if sold within 12 months (short-term capital gains), and at 10 per cent, if sold after 12 months (long-term capital gains).
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Wed, Feb 14, 2024
As per Arpit Gupta, Assistant Manager, Taxation & Finance, Compliance Calendar LLP, "For LTCG, the exemption is up to Rs 1 lakh on gains from equity, and after that, 10 per cent tax is levied without benefit of indexation."
Mon, Feb 19, 2018
The move is likely to see a substantial surge in the revenue collection for the government
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