LTCG on Mutual fund increased to 3 yrs – How does it impact me ?

POSTED BY piyupanch ON July 12, 2014 7:13 pm COMMENTS (2)

The period for exemption on LTCG on mutual funds has been increased to 3 years from the earlier 1 year. Should this be or does it apply to investments made after April 1, 2014 only because i held on to my earlier investment even after one year as i was of the view that it would be exempt.  if one had known that the period would be increased then i would have sold my funds last month when markets were at the peak.

2 replies on this article “LTCG on Mutual fund increased to 3 yrs – How does it impact me ?”

  1. Ashish Garg says:

    I think the holding period and tax rate has been increased only for the non-equity mutual fund.

    For investments in equity MF, the holding period of 1 year and zero tax after 1 year remains.

  2. Hemanth Chandra says:

    It will apply for all the redemption made after April 1, 2014

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today