WebJun 22, 2024 · While it is prudent to invest through mutual funds, it is also important to understand the tax aspects of it. One can receive two types of income from a mutual fund investment- first is dividend and second is capital gain/loss at the time of sale. Both have different tax implications. It also depends upon the type of scheme, equity or non-equity, … WebTo calculate long term capital gain on Mutual Funds – Full value of consideration: Rs. 3 Lakh Cost inflation index or CII for the mentioned year – 280 , hence the indexed cost of acquisition is Rs – 50,000 X (280/100) = Rs. 1,40,000 The total taxable gain is Rs. 3 Lakh – Rs. 1,40,000 = Rs. 1,60,000
Mutual Fund Tax Benefits Top Tax Benefits of Investing Mirae …
WebAug 5, 2024 · Mutual fund taxation differs on the basis of the type of mutual fund (equity- or debt-oriented) and the period of holding. Gains from the sale of equity mutual funds held for less than a... Web1 day ago · Apr 14, 2024, 07:30AM IST Source: TOI.in. Old vs new tax regime: Have you opted for the new income tax regime for financial year 2024-24? If yes, then some investment options still make sense for you. the godfather 1972 123
Section 80C deduction - New income tax regime vs old tax regime …
WebApr 11, 2024 · “In accordance with section 50AA of the Income Tax Act, any gain or income arising on transfer, redemption or maturity of units of such specified mutual funds … WebApr 11, 2024 · “In accordance with section 50AA of the Income Tax Act, any gain or income arising on transfer, redemption or maturity of units of such specified mutual funds (wherein not more than 35% of the ... WebMar 9, 2024 · Now, the capital gains with indexation = redemption value – indexed value of investment That is, 10,000-6,000 = 4,000 So, your taxable income now comes down to Rs. … the godfather 19