WebApr 12, 2024 · As per the amended Finance Bill, capital gains on debt mutual funds (whether short-term or long-term capital gains) will now be added to your income and taxed according to your tax slab, regardless of the holding period. Previously, if you sold your debt fund after holding it for three years, it was taxed at 20 per cent after indexation benefit ... WebELSS funds are equity funds that invest a major portion of their corpus into equity or equity-related instruments. ELSS funds are also called tax saving schemes since they offer tax …
What are the new rules for taxing capital gains on debt mutual …
WebMutual funds that fall under the category of pension and ELSS will help you with tax savings under section 80C of the Income Tax Act. You can claim a deduction up to Rupees 1,50,000/- only under section 80C. Whenever you are to file your Income Tax Return, then it is advised that you discuss with an Income Tax consultant first. WebMay 2, 2024 · The unique characteristic of these mutual funds is that investments in tax-saving mutual funds are tax-deductible under Section 80C of the Indian Income Tax Act. … runway clearway definition
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WebELSS (Equity-Linked Saving Scheme) Mutual Fund. The equity-linked saving scheme is the diversified mutual fund scheme, which has two different features- first, the investment … WebApr 4, 2024 · tax saving mutual fund 2024 Latest Breaking News, Pictures, ... So, you have the option to claim a tax deduction on the interest earned from NSC under Section 80C while filing your income tax return every financial year. This makes NSC an attractive investment option among investors. 13 Apr, 2024, 05:42 PM IST. WebApr 10, 2024 · Top Mutual Funds; Tax Saving Investment; NPS Investment; Health ... Nippon India Mutual Fund; ICICI Prudential Mutual Fund; All Mutual Fund Companies; Learn About. How to Save Tax; Section 80C Guide; Section 80D Guide; Mutual ... Udyog Vihar, Phase 3, Gurgaon, Haryana-122016. Mutual fund investments are subject to market risks. Read ... runway clearway