Taxes on Mutual Funds: Benefits & Capital Gains Tax
Mutual Funds Capital Gains Taxation for FY 2019-2020 explained.
A capital gain refers to the difference between the value at which an investor purchased the units of a mutual fund scheme and the value at which he/she sold or redeemed them. For instance, Mr. X invested Rs. 1 lakh in a mutual fund scheme on April 1, 2016, and the value of his investment on April 1, 2019, is Rs. 1.5 lakh. Then, he has earned a capital gain of Rs. 50,000.
The mutual funds capital gains taxation depends on the type of mutual fund scheme and the investment tenure. On the basis of investment tenure, there are two types of capital gains tax – Short Term Capital Gains Tax (STCG) and Long Term Capital Gains Tax (LTCG).
Mutual Funds Dividends Taxation for FY 2019-2020
Tax Benefit of Mutual Funds
Securities Transaction Tax (STT)
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