Some mutual fund advisors are asking their clients to book profits in their equity mutual funds before the end of the financial year on March 31 to escape paying long-term capital gains (LTCG) tax. After the re-introduction of LTCG tax, equity investors should pay a tax of 10% on long term capital gains of over Rs 1 lakh in a financial year. Equity investments held over a year qualify for LTCG tax.
“If you have made long-term capital gains, it is a good time to utilise the tax break. A ..
