Ideally, target three years as the debt investment if held for more than three years becomes long term and eligible for benefit of indexation, leading to lower tax incidence.
1 min read21 Aug 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared