A slew of tax changes, effective from 23.07.2024, has altered how your mutual fund gains will be taxed in Assessment Year (AY) 2025-26. From higher long-term capital gains (LTCG) taxes on equity mutual funds to the removal of indexation benefits on older debt funds, investors now need to rethink their strategies. Experts say the timing of redemptions and choice of funds could have a noticeable impact on post-tax returns.
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Read more at: Business Standard
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