News From Press How did last 6 budgets of Modi govt impact mutual funds?

How did last 6 budgets of Modi govt impact mutual funds?

Economic Times Jan 22, 2020

The finance minister introduced a 10% tax on long term capital gains made in equity schemes over Rs 1 lakh in a financial year, without providing any indexation benefit. The finance minister added that all the gains up to 31st January 2018 will be grandfathered. The minister also announced 10% dividend distribution tax (DDT) on equity schemes.

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