News From Press Why tax arbitrage argument is not valid for the change in debt fund taxation

Why tax arbitrage argument is not valid for the change in debt fund taxation

Source: ET Apr 12, 2023

The Finance Act 2023 removed the benefit of long-term capital gain (LTCG) tax for debt mutual funds. In the absence of a clear communication from the finance ministry as to why this was done, many arguments have been put forward as the rationale for this change but none of them pass the test of reason.

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