Finance Bill amendments: A story in memes
The Finance Bill, which contains proposals related to taxation and government spending, was passed with several amendments on March 24.
Source: moneycontrol.com
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Lok Sabha Clears Finance Bill 2023 64 Official Amendments Introduced
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
Source: businessworld.in
Not just debt funds – gold and international funds to also lose from Finance Bill amendment
Balanced advantage funds stand to gain as experts predict that conservative investors might shift to them to get the equity tax advantage
Source: moneycontrol.com
Debt MF Taxation Amendment a Surprise, Will Be Detrimental To Corporate Bond Mkt Development: Asset Managers
Debt mutual funds are stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax.
Source: india.com
Indexation benefits on debt funds will go away now
The amendment to the Finance Bill, 2023, proposes to bring taxation of debt mutual funds on par with other debt instruments, like fixed deposits, by abolishing long-term capital gains. This also closes the indexation facility that came with it.
Source: moneycontrol.com