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4 days ago · Tax on Debt Mutual Funds: Amendment to Finance Bill 2023 has scrapped the indexation benefit on capital gains from debt mutual funds. Check the tax outflow before and after the changes were introduced in this article.
Apr 12, 2024 · Demystifying Debt Mutual Fund Taxation: Learn how debt funds are taxed and optimize your investment strategy. Get insights on tax implications and make informed financial decisions today.
Mar 29, 2024 · Taxation of Debt Mutual funds after 1st April 2023. The Finance Minister on 24th March 2023, announced an amendment to the Budget 2023 in the capital gains tax on debt funds which will be applicable from 1st April 2023. As per this amendment, LTCG on debt mutual funds will no longer have the benefit of indexation.
Mar 31, 2023 · Debt mutual fund tax rule changes. Starting from April 1, capital gains made on debt mutual funds, exchange-traded funds (ETFs), international funds, gold funds, and certain categories of hybrid funds — schemes that invest less than 35 per cent in Indian equities — will be added to your income and taxed at the slab rate applicable to you.
Taxation Structure for Debt Mutual Funds after April 1, 2023. The Finance Bill 2023 brought a significant amendment to the Debt Fund Taxation structure by scrapping the previously available indexation benefit. Now, these funds are subject to investor-slab rates of taxation, aligning them with the Tax Rates applicable to Fixed Deposits.
Jul 17, 2023 · What is Tax on Debt Mutual Funds? Mutual fund investment profits are taxable as “capital gains” under the Income Tax Act, 1961. Therefore, Investors should be completely aware of how their earnings will be taxed before investing in mutual funds. In some circumstances, they can also get tax deductions.
Jun 19, 2024 · Taxation of Capital Gains of Debt Funds. Debt funds are those mutual funds whose portfolio’s debt exposure is in excess of 65% and equity exposure is not more than 35%. Starting 1st April 2023, the debt funds will no longer receive indexation benefit and deemed to be short-term capital gain.
Jan 11, 2022 · Knowing how debt funds are taxed is important. Holding onto your debt funds for a longer duration is beneficial as you will pay capital gains tax at 20% after indexation. How to calculate your tax liability in debt mutual funds : Knowing the tax norms of the investment option under consideration is important.
Nov 25, 2023 · Understand the tax benefits & effects of debt mutual funds. Learn how taxation of debt mutual funds can impact your gain from bonds and other fixed income securities. Get started now!
Aug 21, 2023 · All forms of income through debt funds are subject to taxation as per the Income Tax Act of 1963. Tax liability on dividend returns of such funds is not levied on investors directly. Dividends received from mutual funds or after April 1, 2020 is taxable in the hands of the investors.
