The long-term capital gains tax (LTCG) on equity and equity-oriented mutual funds is a reality now. From April 1, 2018 any LTCG made on transfer of equity MFs that have an equity exposure of 65 per cent or more will have to pay a 10 per cent tax on long-term capital gains above Rs 1 lakh per annum. The LTCG made till January 31, 2018, however, remains grandfathered, i.e., those gains remains tax-exempt.
More importantly, it's not just investments made after April 1, 2018 that will only ..