Govt likely to propose removing long-term tax benefits for debt mutual funds: Report
The proposed changes are likely to be part of the finance bill amendments that could be tabled in the parliament today.
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The proposed changes are likely to be part of the finance bill amendments that could be tabled in the parliament today.
As per amendments to the Finance Bill, STT on the sale of options has been hiked to Rs 2,100 on a turnover of Rs 1 crore against an earlier levy of Rs 1,700, which amounts to a 23.5 percent hike
Debt MFs To Be Taxed As FDs: Finance Bill Amendment, Impact On Investors, Indexations, LTCG | Explained
Equity-oriented mutual funds, comprising open-ended and closed-end schemes, attracted net inflows of ₹12,472 crore in January, up 71% from December, according to the latest data from the Association of Mutual Funds in India (Amfi)
As investors make conscious investing decisions, their overall preference towards investing in dips is evident from the magnitude of flows into small and mid-cap stocks