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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.
23 lip 2024 · Anything less than 12 months will be considered short-term. 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.
6 sie 2024 · Additionally, the indexation benefit on long-term capital gains has been removed, leading to a uniform tax rate of 12.5% for all asset classes. 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.
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.
These are –. The short-term gains acquired from the sale or transfer of equity-oriented Mutual Funds sold under any recognised stock exchange like NSE or BSE and liable for STT charges. These funds are taxed under Section 111A of the Income Tax Act.
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.
