News From Press For mutual fund investors, what debt funds taxation changes mean

For mutual fund investors, what debt funds taxation changes mean

Source: Mint Mar 25, 2023

Debt mutual funds will be stripped off the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax. The government has made a proposal in the form of an amendment to the Finance Bill 2023 in the Parliament, which was passed in the Lok Sabha on Friday with 64 official amendments.

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