AMFI in its Budget Proposals for FY2021-22 has made various submissions under three key areas: 1) Need to bring parity in tax treatment for investments in different financial sectors, 2) Suggestions to mitigate hardship to retail taxpayers; and 3) Encouraging deepening of capital market through Mutual Funds. AMFI reiterated its long-standing demand to bring parity in tax treatment of mutual funds and ULIPs, both of which are investment products and invest in securities.
Nine big financial changes that you must watch out for in October
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