What is the holding period for Debt Mutual fund for Long term capital Asset?
Is there a change from 1st April, 2023 that all debt Mutual funds will be treated as short term capital Asset irrespective of its holding period?
Hence all gain on redemption of debt Mutual fund will be considered as STCG.
1 Replies
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 07 May 2024
Amendment in Finance Act 2023 is applicable only for those investments made in Debt fund after 1st April 2023. If you have invested before 1st April 2023, you are eligible to consider such sale as long-term capital gain if holding period exceeds 3 years and get 20% Tax with indexation benefit.
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