POSTED BY July 14, 2014 6:12 pm ONE COMMENT
ONWith reference to the recent change announced in the Budget, Holding period for long term capital gains has been made 3 years. So will this be from immediate effect? Is it applicable only for new investments or all debt investments done in past too?
I had invested in some Short term Debt funds last year.
I was planning to redeem after 1 or 2 years to avail indexation. Could you please clarify if I need to wait 3+ years to avail indexation benefit.
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The effective date of the increase in long-term capital gains tax on debt mutual funds is April 1, 2014. applicable for assessment year 2015-16.
So the debt funds redeemed before Budget, are fine with old rule.