Amendment to the Finance Bill 2023 - The #FinanceMinister has made all #DebtMutual fund investments ,after 01.04.2023 taxable as #ShortTermCapitalGains.
No #LTCG on DebtSchemes.
DebtSchemes will now be at par with #BankDeposits on taxation
bit.ly/3LIC96w
No #LTCG on DebtSchemes.
DebtSchemes will now be at par with #BankDeposits on taxation
bit.ly/3LIC96w
Hybrid category will start becoming popular with more than 36% in Equity.
Expect more such offerings from #AMCs. Brace for more #volatility in New offerings.
Expect more such offerings from #AMCs. Brace for more #volatility in New offerings.
No implications if you continue to hold your existing #DebtPortfolio. Only if you invest fresh funds post 1 April 2023, there will be only STCG like #BankDeposits.
This amendment is only talking about less than 35% equity and its implications on Debt Schemes. Hopefully, #InternationalFunds, #FoF category which had LTCG, should continue to enjoy that. Only a tax expert can comment on this.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
