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Income Tax Rules: Major changes in income tax slabs to increased tax rebate limit, and no LTCG tax benefit on debt mutual funds are some of the changes that will be effective from 1 April 2023. -- aaa
The government has announced a slew of changes in the income tax rules that will come into effect from the new financial year 2023-24.
The new tax rules from April 1, 2023 will tax mutual funds in line with a person's income level.
From April 1, 2023, the new tax regime will be the default regime if a taxpayer fails to note which of the two regimes, old or new, she or he would opt for to file income tax return. Watch this Business Today Visual Story to check new income tax slabs, new tax rates and other tax rule changes.
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors of risks associated with self-directed Individual Retirement Accounts (self-directed IRAs). Self-directed IRAs allow investment in a broader—and potentially riskier—portfolio of assets than other types of IRAs. While a broader set of investment options may have appeal, investors should be mindful that investments in self-directed IRAs raise risks including fraudulent schemes, high fees, and volatile performance.