Understanding the Impact of New Tax Rules on Mutual Funds
Автор: Money Plant Project
Загружено: 2024-08-25
Просмотров: 27
Описание:
The Union Budget 2024 has introduced significant changes in the taxation of mutual funds. Here’s what you need to know:
Short-term capital gains tax increased from 15% to 20%.
Long-term capital gains tax increased from 10% to 12.5%.
Tax-free limit on long-term gains raised from Rs. 1 lakh to Rs. 1.25 lakh.
Debt funds taxed as per income tax slab for holdings under 3 years; flat 12.5% for over 3 years.
Gold and international funds tax reduced to 12.5% starting April 1, 2025.
Stay informed and adjust your investment strategy accordingly!
#UnionBudget2024 #MutualFunds #Taxation #InvestSmart #FinancialPlanning #InvestmentStrategy #TaxChanges #financenews
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