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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.
26 wrz 2024 · Hence, the gain will be considered as short-term capital gain on mutual funds. The tax is applicable on these gains as per Section 111A of the Income Tax Act. The STCG tax will be charged at the rate of 15% plus surcharge and cess.
23 lip 2024 · To qualify as long-term, the holding period should be more than 12 months. The first Rs 1.25 lakh of LTCG gains in a year are tax-free. Anything less than 12 months will be considered short-term. The Short-Term Capital Gains (or STCG) Tax is 20% without indexation.
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.
Short-Term Capital Gains tax rate varies: for listed equity shares & equity-oriented mutual funds, rate is 20% effective from July 23rd, 2024. For other assets, such as property & unlisted shares, gains are taxed at applicable income tax slab rate.
Any capital gain arising on transfer of units (Invested on or after 01/04/2023) of The FoF shall be treated as short term capital gain, taxable at 15% as per the provisions of section 111A of the Income Tax Act, 1961 ("The Act").
6 sie 2024 · Short-term capital gains tax on equities and equity-oriented funds has been hiked to 20%. These changes will have a substantial impact on mutual fund returns. Getty Images. Latest capital gains tax rules on mutual funds for the financial year 2024-25.
