For shares or units ‘acquired or purchased’ till 31.03.2023
1. Equity Mutual Fund (MF)
a. 65% of proceeds of fund is invested in equity shares of listed domestic company i.e. Indian Company.
b. Where Funds invested in another listed fund then
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- 90% of proceeds of funds should be invested in another fund;
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- Another fund invest 90% of proceeds of fund in Equity shares of listed domestic company i.e. Indian Company.
2. Debt Mutual Fund – Other than Equity Mutual Funds
PERIOD OF HOLDING: (POH)
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TAX RATES
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For shares or units ‘acquired or purchased’ on or after 01.04.2023 (as amended by Finance Act, 2023)
1. Market Linked Debentures (newly inserted as per section 50AA vide Finance Act, 2023)
means any security where underlying principal component is in the form of a debt security and returns are linked to market returns on other underlying securities or indices and includes any security classified as Market Linked Debenture by SEBI.
3. Specified Mutual Fund (simply Debt Mutual Fund) (newly inserted as per section 50AA vide Finance Act, 2023)
Other than Equity Mutual Funds means less than 35% of proceeds of fund is invested in equity shares of listed domestic company i.e. Indian Company
PERIOD OF HOLDING: (POH)
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Read More: CAPITAL GAIN TAX AND WHAT ARE THE EXEMPTIONS ALLOWED
TAX RATES
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