For mutual fund investors, what debt funds taxation changes mean3 min read 24 Mar 2023, 11:54 AM IST
The Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds, was passed today
Debt mutual funds will be stripped off the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax. The government has made a proposal in the form of an amendment to the Finance Bill 2023 in the Parliament, which was passed in the Lok Sabha on Friday with 64 official amendments.
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