In recent post, discussed on reverting the LTCG tax on long term investments. This post we will discuss an expected announcement of reverting LTCG tax on mutual funds investment which would make “Mutual funds investors happy:)” . In Budget 2018, with the withdrawal of Sec 10(38), there is a proposal of a parallel introduction of Section 112A to tax LTCG ...
Earlier LTCG tax was zero on equity schemes(Equity mutual funds and shares). In 2018 budget, Indian finance minister announced Long Term Capital Gain(LTCG) Tax. Long term capital gains exceeding Rs 1 lakh at the rate of 10 per cent without allowing the benefit of any indexation. The expectation in 2020 Budget is that revert the LTCG tax for mutual fund ...