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:
    July 14, 2014 at 10:38 am

    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.

    Reply
  2. Hemanth Chandra says:
    July 12, 2014 at 11:01 pm

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

    Reply

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