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With the indexation benefits gone, returns on debt mutual funds are now taxed as per the individual’s tax slab, which is the same for fixed deposits.
The Finance Minister introduced the 64 official amendments made in the finance bill. After being passed in the Lok Sabha, the bill will now be sent to the Rajya Sabha, , finance bill, 2023, lok sabha, clearance, Approval, nirmala sitharaman, latest updates
Debt MFs To Be Taxed As FDs: Finance Bill Amendment, Impact On Investors, Indexations, LTCG | Explained
The changes proposed in the Finance Bill 2023 with respect to securities transaction tax and taxation of debt mutual funds are likely to have an adverse impact on the market. according to experts. The bill, which gives effect to taxation proposals for 2023-24, passed by Lok Sabha on Friday. The government had moved 64 official amendments to the bill.