For debts fuds purchased on 3rd Feb 2021 and sold through Apr 2024 to Dec 2024.They Since its been purchased prior to 1st Apr 2023 and has have completed 36 months, it falls under LTCG.
Q1) Will the tax rate be 20% with indexation or 12.5% with out indexation ?
Q2) Is there a difference in the treatment between sale made prior to Jul 23rd 2024 and after July 23 2024 for the same ?
The mess that the finance ministery has created and calling it simplification, is a real sad state of affirs with more to come in 2025. First super complicate then simplify with the end result being more tax on the masses who do pay their tax promptly :-(
CAclubindia
