Relating to debt funds taxation
This query is : Open
03 February 2025
Hello experts,
From next year, the tax slabs have been increased to 12 lakhs.. i have invested a good amount in debt funds on my spouse name in July 2024 and planning to redeem it august 2025.. she is not working right now.. the expected amount from redemption is around 11 lakhs.. should i pay any tax on it since the debt funds are held for 13 months only?
From next year, the tax slabs have been increased to 12 lakhs.. i have invested a good amount in debt funds on my spouse name in July 2024 and planning to redeem it august 2025.. she is not working right now.. the expected amount from redemption is around 11 lakhs.. should i pay any tax on it since the debt funds are held for 13 months only?
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