WebJan 5, 2024 · However, you can remove this Rs. 15,000 from the Rs. 1.5 lakh gain for tax calculation. So your effective LTCG will be Rs 1.5 lakh – Rs. 15,000 = Rs. 1,35,000, and you will pay tax only on Rs. 35,000 as against Rs. 50,000 you would have paid otherwise. This is how tax-loss harvesting acts as a critical strategy to save tax for many investors. WebDeterminer of Mutual Funds Taxes in India. Tax saving in mutual funds depends on a variety of factors. Here are the three primary factors that drive the tax liability of mutual …

Taxation on International Mutual Funds Edelweiss MF

WebJan 26, 2024 · Long Term Capital Gains Tax Rate. Just like STCG, LTCG has also two different two different tax rate slabs for different asset categories: Type of Capital Asset. … WebApr 11, 2024 · As per the new debt tax rule, purchases of debt mutual funds made on or after April 1, 2024, will be taxed as short-term capital gains at the applicable tax rates, … league of legends rob garrett

NRI Mutual Fund Tax - Tax on Mutual Funds in India

WebTransfer of units upon consolidation of plans within mutual fund schemes in accordance with SEBI (Mutual Funds) Regulations, 1996 is exempt from capital gains. Relaxation to non-residents from deduction of tax at higher rate (except income distributed by mutual fund) in the absence of PAN subject to them providing specified information WebFor short term capital gains: Sale of equity mutual funds: 15%. Sale of non-equity mutual ... WebFeb 9, 2024 · In below chart, I will show you the applicable Capital Gain Tax Rates of Mutual Fund Taxation FY 2024-18. Note-Surcharge @ 15%, is applicable where the income of Individual/HUF unit holders exceeds Rs. 1 crore. As per Finance Bill, 2024, surcharge @10% to be levied in case of individual/ HUF unit holders where the income … league of legends rp cdkeys