WebAnswer (1 of 5): Yes, you have to pay STCG & LTCG tax. STCG:-SHORT TERM CAPITAL GAIN TAX LTCG:- LONG TERM CAPITAL GAIN →→→ There is an important message for you at … Weboriented mutual funds, listed securities like debentures and Government securities, Units of UTI and Zero Coupon Bonds, the period of holding to be considered is 12 months instead …
Long Term Capital Gain Tax on Shares & Mutual Funds : Section …
WebApr 6, 2024 · Long Term Capital Gain (LTCG): Any gain arising on the sale or redemption of a debt fund held for more than 36 months is considered LTCG. Short Term Capital Gain … lawas seaside
How to understand the taxation of debt funds
WebJun 30, 2024 · LTCG is 10% for equity-based mutual funds and 20% for real estate’s indexation, mutual funds, and other crucial assets. LTCG is free from any sort of indexation benefits concerning equities/equity mutual funds. STCG, on the other hand, is levied as per the slab rate. The holding duration in the context of LTCG or STCG varies from asset to … WebFeb 6, 2024 · Further, a new Section 112A of Income Tax Act was introduced to levy a 10% income tax on Long Term Capital Gains on the sale of equity shares, equity mutual funds, and units of business trust in excess of Rs. 1 lac for a financial year. Section 112A was applicable from FY 2024-19 (AY 2024-20) onwards. WebChanges to LTCG on Equity Funds in Budget 2024 In the Union Budget 2024, the Finance Minister had announced a flat 10% tax on long term capital gains on all equity and equity … kacmar sports medicine