Tax Implications on Mutual Fund Investments
Mutual Funds are broadly categorized into two types for taxation: 1. Equity Mutual Funds (Where equity exposure is 65% or more) Short-Term Capital Gains (STCG):If held for less than 1 year, taxed at 15%. Long-Term Capital Gains (LTCG):If held for more than 1 year, gains up to Rs. 1 lakh per year are tax-free.Gains above […]
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