Debt Funds* Applicable slab rate 20% with indexation As per the Finance Bill 2023, debt mutual funds will no longer have the LTCG benefit. Capital gains arising from invested in debt mutual funds from April 1st 2023, will be taxable as per the investor’s income tax slab rate, irrespective...
The CII is used to notify the rate of inflation for indexation purposes in India every financial year. And for this current CIIC series, the base year has been considered as 2001-02 (Do note that in the Union Budget of 2017, the base year for CII had been shifted from 1981 to 2001)....