Mutual fund distributors and advisors are asking their clients to invest in debt mutual funds before March 31 if they want to enjoy the indexation benefit along with long term capital gains tax. Debt mutual fund investments made after April 1,2023 will only have short term capital gains taxable at slab rates as applicable irrespective of the holding period, said communication from a distributor. We recommend clients to make their fixed income allocation before March 31,2023 to take advantage of ..
