josh (IT) (256 Points)
31 August 2018what is the LTCG tax on debt MF (hold for more than 3 years) for gains less than 1 lakh rupees ? Debt MF was bought in March 2014 and it got matured in April 2017 ( more than 3 years ), the capital gains is less than 30K rupess. Is it exempt from LTCG tax ?? If not what is the tax rate Thanks
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 31 August 2018
Is it exempt from LTCG tax ??
NO.
If not what is the tax rate?
20% with indexation....
josh
(IT)
(256 Points)
Replied 31 August 2018
as per this article gains upto 1 Lakh are tax free and indexation is not allowed for MF.
https://economictimes.indiatimes.com/wealth/tax/understanding-the-new-ltcg-tax-on-equity-and-equity-mutual-fund-units/the-new-ltcg-tax/slideshow/62860584.cms
nikhil
(ca)
(221 Points)
Replied 31 August 2018
CAclubindia
