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5 sie 2024 · Short-term capital gains tax in India for NRIs (Non-Resident Indians) is levied at 15% on gains from the sale of equity shares or equity-oriented mutual funds, as per Section 111A of the Income Tax Act.
- Mutual Fund Taxation
Mutual funds offer tax-efficient returns. Taxes on gains are...
- Mutual Fund Taxation
26 wrz 2024 · But in 2021, the value of this investment became Rs. 3.15 lakhs. Here, the difference of Rs. 15,000 is your capital gain. In terms of taxation, the tax on mutual fund dividends is levied in the hands of the investor as per their income tax slabs.
23 lip 2024 · The Short-Term Capital Gains (or STCG) Tax is 20% without indexation. Foreign Equity Funds (which are bought before or after 1 st April 2023) – The Long Term Capital Gains (or LTCG) Tax is 12.5% without indexation. To qualify as long-term, the holding period should be more than 24 months. Anything less than 24 months will be considered short-term.
9 lip 2024 · Mutual funds offer tax-efficient returns. Taxes on gains are explained by fund type, dividend, capital gains, and holding period. Equity fund taxes differ from debt funds. Mutual fund taxation is influenced by the holding period. Equity funds and debt funds have different capital gains tax rates.
21 lip 2023 · Capital Gains Tax Rates on pure Equity oriented Mutual Fund Investments of a Resident Indian for FY 2023-24 are as below; The STCG (Short Term Capital Gains) tax rate on equity funds is 15%. The LTCG (Long Term Capital Gains) tax rate on equity funds is 10% on LTCG exceeding Rs 1 Lakh.
Mutual Fund shall at the time of credit of such income to the account of the payee or at the time of payment thereof by any mode, whichever is earlier, deduct income-tax there on at the rate of 10%. Tax not deductible if dividend income in respect of units of a mutual fund is below Rs. 5,000 in a financial year (Only for Resident Investor).
10 paź 2023 · The mutual fund's short-term capital gain tax rate for equity funds is 15%. Short-term capital gains on non-equity assets, however, are taxed at the investor's individual income tax rate. A shareholder can offset recent capital losses with recent and future capital gains.
