Budget 2024 impacts on mutual funds, three categories of taxation

Finance By Archana Swami July 24, 2024

LTCG tax treatment will benefit those who invest in international scheme, gold, silver ETFs, equity and hybrid FOFs.

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Investors who have invested in equity funds will have to pay higher LTCG tax. .

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Due to removal of indexation benefit, some newly launched hybrid funds will have to pay higher tax.

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Not see any change in tax treatment of Debt fund investors

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No TDS on mutual fund redemptions after October 1, 2024.

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After October 1, 2024, investors will get the full redemption amount.

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Before October 1, 2024, investors got less amount after TDS deduction.

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Disclamer By Archana Swami July 24, 2024 Content Disclaimer: All stories are for informational and entertainment purposes only. The views expressed are those of the author(s) and do not necessarily reflect those of the publisher. User Discretion: Readers are advised to use their own judgment before relying on the information provided. External Links: This site may contain links to other websites, and the publisher is not responsible for the content or privacy practices of those sites. Intellectual Property: All content is owned by the respective authors or is used with permission. Unauthorized use is prohibited.