Everyone wants to know how to avoid paying the re-introduced long term capital gains tax on equity mutual funds. Some experts suggested selling the mutual fund holdings immediately; some suggested churning regularly. Finally, it seems there is a consensus that the only way to avoid paying the tax is to hold on to your investments.
Everyone wants to know how to avoid paying the re-introduced long term capital gains tax on equity mutual funds. Some experts suggested selling the mutual fund holdings immediately; some suggested churning regularly. Finally, it seems there is a consensus that the only way to avoid paying the tax is to hold on to your investments.