LTCG Tax on debt mutual funds

This query is : Resolved

Akshit Jain (Querist)
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09 November 2024 For debt mutual funds purchased before April 1, 2023,
(A) What is the minimum holding period for the gain to be considered long-term? Is it 24 months or 36 months?
(B) What is the tax rate on LTCG of debt mutual funds? Is it 12.5% without indexation?

The query pertains only to mutual funds bought before April 1, 2023

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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09 November 2024 The minimum holding period required for gains to be considered long-term for debt mutual funds purchased before April 1, 2023, is 24 months.
The tax rate on LTCG for debt mutual funds purchased before April 1, 2023, is 12.5% without indexation.