Short-Term Capital Gains on Equity Funds: STCG tax on the sale of units of equity-oriented mutual fund schemes is charged at 20% (as per the latest update in Budget 2024) as per section 111A of the Income Tax Act, 1961. Tax on Equity-Linked Savings Scheme (ELSS) ELSS are mutual ...
then you are exiting equity fund in less than a year. And your capital gain becomes short-term capital gains. So the STCG of Rs 200 (Rs 1200 – Rs 1000) will be taxed at
As announced in the budge, from April 1, 2018, long-term capital gain tax (LTCG) of 10% has been levied on equity mutual funds that have equity exposure of 65 percent or more when long-term capital gains go above Rs 1 lakh in a year. A short-term capital gain tax (STCG) is appl...
ETF and mutual fundshare transactions follow the long-term and short-term standardization of capital gains treatment.3However, the one-year delineation does not apply to ETF and mutual fund capital gains distributions, which are when the fund manager sells some of the fund's assets for a capita...
Short Term Capital Gain on an Equity/Hybrid/Balanced Mutual Fund – The amount of capital gain will be taxed at the rate of 15%. Capital Gains Tax on Debt Mutual Fund Suppose an investor has an investment in a debt mutual fund. Let us examine the mutual fund taxation associated with vari...
In India, capital gains tax is influenced by two factors – Type of mutual fund scheme Tenure or holding period For income tax purposes in India, a short term holding period for debt funds is up to 36 months. The short-term period for equity funds is up to 12 months. Whi...
A money market fund is a type of mutual fund that invests in high-quality, short-term debt instruments and cash equivalents. Learn the pros and cons of this investment. more Unit Investment Trust (UIT): Definition and How to Invest Unit investment trusts (UIT) buy a fixed portfolio of ...
The following image shows How to calculate Short Term & Long Term Capital Gains How to calculate Long Term Capital Gains, Short Term Capital Gains Example of Long Term Capital Gain on Property I sold some property and know that the transaction will invite capital gains tax liability. My query...
Long term Capital Gains of Debt Mutual Funds, Tax and ITRtalks about What are Debt Mutual Funds from a tax perspective, what are the Short Term Capital Gain and Long Term Capital Gains of Debt Mutual Funds, Computation of Long-Term Capital Gains with an example, How to show the Long Term...
Benefitting from 'tax-loss selling' If you get caught on the wrong side of the ex-dividend line and your investment is sizable, Stanasolovich said it might also be prudent to sell those shares immediately and use the short-term capital loss (since the share price will be temporarily depres...