WebJun 28, 2024 · You have redeemed all the units of the equity fund on August 09, 2024. The NAV on 31 January 2024 = Rs 60. The investment amount = Rs 60 * 6000 = Rs 3,60,000. … WebMar 24, 2024 · The Finance Bill 2024 has got passed today in the Lok Sabha with over 45 amendments. Now capital gains from debt mutual funds will be treated as short term …
Taxability on mutual funds, 3 ways to save LTCG tax
WebSep 17, 2024 · Section 115BBB of the Income Tax Act: Tax on income from units of an open-ended equity oriented fund of the Unit Trust of India or of Mutual Funds. (1) Where the … WebThe ticket size in mutual funds is as low as Rs.5,000 for lump-sum investments and Rs.1,000 for SIPs. ... (23D) of the Income Tax Act as a pass-through entity so MFs are not subjected to taxation. rs 232 loopback
Mutual Fund Taxation FY 2024-23 / AY 2024-24 - BasuNivesh
WebJun 27, 2024 · At present both capital gains tax on the main portfolio and segregated portfolio are the same as debt fund taxation. Short-term capital gains (if the units are sold before three years) in debt mutual funds are taxed as per the applicable tax rate of the investor. Therefore, if your tax rate is 30% then short-term capital gains tax on debt fund ... WebApr 11, 2024 · So, equity investors will continue paying taxes at the earlier rates in the fiscal year 2024-24 as it is in the fiscal year 2024-23. The current regime taxes long-term capital gains at 10% with a basic exemption of INR 1,00,000 while short-term capital gains are taxed at 15% and this will continue. The conversion of physical gold to Electronic ... WebApr 7, 2024 · Equity Linked Saving Schemes (ELSS) are mutual funds that invest primarily in equities and offer tax benefits under Section 80C of the Income Tax Act, 1961. ELSS has a … rs 232 pinout on db25