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
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.