Mutual fund advisors are flooded with queries from their clients about the actual computation of the new long term capital gains tax on equity mutual fund schemes. “Investors are curious and are coming up with a lot of questions on the calculation of the tax. It is a big a task for us to go through each client’s case separately”, says Shweta Jain, Founder & CEO- Investography.
According to several mutual fund advisors, it is difficult for them to go through so many client cases without proper infrastructure to assist in calculating the long term capital gains tax, after taking into account the grandfathering clause.
