Long-Term Capital Gains on listed shares or units of equity-oriented fund schemes held for more than one year and up to three years should be subjected to tax at the rate of 10 percent on capital gains exceeding Rs 2 lakh in a financial year, the Association of Mutual Funds of India (AMFI) has suggested for the upcoming budget. Further, gains from such assets if held more than three years should be exempted from capital gains tax.
MF AUM increases to 29% of bank deposits on equity rally, inflows
Read More