Tag: LTCG

To get long-term capital gains benefit, MFs re-open overseas investment funds

To get long-term capital gains benefit, MFs re-open overseas investment funds

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Representative image. | Photo Credit: lakshmiprasad S Mutual fund houses are re-opening their international funds for investment due to the potential loss of long-term capital gains tax benefits if invested after the end of March. Edelweiss has re-opened seven of its international funds for investment. The fund house had suspended fresh investments in these schemes […]

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Govt. to scrap long-term tax benefit for debt mutual funds investing less than 35% assets in equity

Govt. to scrap long-term tax benefit for debt mutual funds investing less than 35% assets in equity

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Govt. to remove tax benefits on mutual funds with less than 35% investment. Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax. The government is likely to make […]

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