Short Term Capital Gains(or STCG) on Debt funds are taxed as per the investor’s marginal income tax slab rate. Long Term Capital Gains(or LTCG) on Debt funds is taxed at 20% with indexation benefits. Now, what is this indexation benefit that is available for taxation of LTCG from Debt...
If sold on or after Jul 23, 2024, LTCG (held for more than 24 months) is taxed at 12.50% and STCG at the slab rate. If acquired after 1st April 2023, there can be two scenarios based on when you sell. If you sell before 1st April 2025, gains are taxed at the slab rate for ...
Tax Query explains the tax implications on gains from debt mutual funds. Effective April 1, 2023, the gains from debt mutual funds are taxed at slab rates and the same will be considered as short-term capital gain irrespective of the holding period.
What does "Income taxed at source" mean? What is the difference between regressive and progressive taxes? What are the tax consequences of a taxable merger? A) What types of assistance and tax preparation services does the IRS provide? B) What are the advantages of using tax preparation ...
financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the...
However, if the payout consisted of LTCG and qualified dividend income, short term capital gains (STCG), interest income and corpus, then the income beneficiary would be taxed first on income, then on STCG, then on dividends, then on LTCG, and finally, the beneficiary would receive corpus ...
Back Door Roth: One point that I think should be stressed here is that if you do this, you are taxed on the weighted avg of ALL of your traditional IRAs so if you have some existing traditional IRAs (let’s say from previous 401k rollovers) then you will be taxed. You can’t just...
As we know there are 5 types of Income,Income from Salary, Income from House Property(Any residential or commercial property that you own will be taxed),Income from Capital Gains (When yousellMutual Funds,Stocks, Bond, Gold, Land or Property,Income from Profits and Gains of Business or Prof...
Long-term capital gains from publicly traded equities instruments are not taxed. They are also not permitted to deduct or carry forward their losses from their profits. Such losses from such listed equities shares, mutual funds, and other similar assets will be carried over to the next fiscal ...
Unlike debt funds where the capital gains are taxed only at the time of sale and that too with indexation benefits, the interest income on bank FDs is added to the total income every year and taxed as per the income tax slab applicable to the depositor. ...