From Fy 2014 - 2015 debt oriented mutual funds will be treated as long term capital asset only if held for more
than 3 years instead of earlier 1 year. Hence will be taxed according to the tax rate applicable to the person and not at capital gain tax rate of 15% if sold within 3 years from date of acquisitions. Every one may take not of the same.
Refer Sections 111A, 2(42A) of Income Tax Act 1961.
than 3 years instead of earlier 1 year. Hence will be taxed according to the tax rate applicable to the person and not at capital gain tax rate of 15% if sold within 3 years from date of acquisitions. Every one may take not of the same.
Refer Sections 111A, 2(42A) of Income Tax Act 1961.
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