WebApr 14, 2024 · Equity LTCG Tax when NAV on sell-date is higher than NAV on Jan 31st, 2024. Note that you will have to pay tax only if the sum of all such taxable LTCG (as … WebJun 7, 2024 · Section 10 (38) exempted long-term capital gains (LTCG) arising on sale of equity shares or units of an equity-oriented mutual fund on which Securities Transaction Tax (STT) is paid. The new section 112A …
Taxability on mutual funds, 3 ways to save LTCG tax
WebExample of a Grandfather clause in investing. One of the most famous examples when this concept became famous in India was, the introduction of Long Term Capital Gains … WebApr 20, 2024 · The grandfather concept implies that all the capital gains accrued on equity/ mutual funds until January 31 will be exempt from taxation. ... For the tax on LTCG to get … bird marella boxer wolpert
NAV of Mutual Funds on 31 Jan 2024 (FMV for Grandfathering of LTCG …
WebJan 31, 2024 · Updated: 31-01-2024 05:39:52 AM. When you sell assets after certain specified time periods, you are subject to Long Term Capital Gains Tax (LTCG). LTCG is 10% for gains in stocks and equity mutual funds. It is 20% for gains in real estate, debt funds and other assets along with the benefit of indexation. Assets hold before the specified … WebFeb 1, 2024 · In this case, the FM imposed a 10% tax on long term capital gains. But, all gains up to 31 January 2024 will not be taxed. It has been grandfathered. Although the new rule would tax LTCG in the future, the current gains on investments done before a certain date are protected from the new tax, even after law is changed to make future gains … WebAug 3, 2024 · (LTCG). This capital gain is taxed at 20.8% (including cess) with indexation. When the property is held for a period of less than 24 months from the date of acquisition, the gains from the property will be termed as short term capital gains. (STCG). This capital gain is taxed at the slab rate applicable to the assessee. dam health care wolverhampton