On this article, we tackle some extra questions readers have requested in response to Price range 2024: FAQ on capital good points taxation.
Q1: “I perceive that if I offered an fairness mutual fund with LTCG between 1st April 2024 & twenty second July 2024 with none grandfathered unit, I may ebook Rs 1 lac revenue with out tax burden. Now, from Twenty third July 24 to thirty first March 2025, shall I get one other 1.25 lac revenue reserving alternative or 1.25lac-1lac=25k?”
Q2: “If somebody has LTCG over Rs. 1 lakh or 1.25 lakh, because the case could also be, for the 2 durations – pre-Twenty third July and post-Twenty third July, will he be entitled to a complete deduction of Rs 2.25 lakh? It seems to be so.
A: If you happen to had already redeemed Rs. 1 lakh price of LTCG earlier than the funds, you possibly can redeem one other Rs. 25K till thirty first March 2024. In case you have not redeemed as much as the funds, you possibly can redeem as much as Rs. 1.25 lakhs. However must you even trouble with this tax-harvesting dance every year? See our earlier evaluation: Tax harvesting: Ought to I ebook Rs. 1 Lakh revenue every year to decrease Fairness LTCG Tax?
Q: Will the change in LTCG in a debt mutual fund additionally apply to my older investments? I imply, these made earlier than 2021? Or will it apply solely to recent investments?
A:
- Investments earlier than 1st April 2023.
- Redeemed between 1st April 2024 and twenty second July 2024: LTCG interval is 3Y and taxed at 20% with indexation. STCG (< 3Y) is taxed as per slab.
- Redeemed after twenty second July 2024: LTCG interval is 2Y and taxed at 12.5% with out indexation. STCG (< 2Y) is taxed as per slab.
- Investments after 1st April 2023.
- All the time taxed at slab charges no matter when redeemed.
Q: With the latest modifications in capital good points taxation, what’s going to impression the returns in debt/fairness mutual funds? Are you able to kindly share your views on this?
Q: Is Rs.125000 LTCG free, too, accessible to the New Tax regime?
A: Sure
Q: I heard indexation has been eliminated post-Price range 2024! Do we’ve any different to get indexation advantages from fairness funds?
A: No!
Q: Will future funding in debt funds be taxed as per slab?
A: That may be the case for investments made after 1st April 2023!
Q: Can I shift from debt funds to hybrid funds like fairness financial savings or dynamic asset allocation funds to pay decrease taxes?
A: By no means enhance your portfolio threat to decrease taxes. By no means select any product, solely decrease taxes.
Do share this text with your pals utilizing the buttons beneath.
🔥Take pleasure in huge reductions on our programs, robo-advisory device and unique investor circle! 🔥& be part of our neighborhood of 5000+ customers!
Use our Robo-advisory Software for a start-to-finish monetary plan! ⇐ Greater than 1,000 traders and advisors use this!
New Software! => Monitor your mutual funds and inventory investments with this Google Sheet!
We additionally publish month-to-month fairness mutual funds, debt and hybrid mutual funds, index funds and ETF screeners and momentum, low-volatility inventory screeners.
Podcast: Let’s Get RICH With PATTU! Each single Indian CAN develop their wealth!
You may watch podcast episodes on the OfSpin Media Buddies YouTube Channel.
🔥Now Watch Let’s Get Wealthy With Pattu தமிழில் (in Tamil)! 🔥
- Do you will have a remark in regards to the above article? Attain out to us on Twitter: @freefincal or @pattufreefincal
- Have a query? Subscribe to our publication utilizing the shape beneath.
- Hit ‘reply’ to any electronic mail from us! We don’t provide customized funding recommendation. We are able to write an in depth article with out mentioning your title in case you have a generic query.
Be part of over 32,000 readers and get free cash administration options delivered to your inbox! Subscribe to get posts through electronic mail!
About The Writer
Dr M. Pattabiraman(PhD) is the founder, managing editor and first creator of freefincal. He’s an affiliate professor on the Indian Institute of Know-how, Madras. He has over ten years of expertise publishing information evaluation, analysis and monetary product improvement. Join with him through Twitter(X), Linkedin, or YouTube. Pattabiraman has co-authored three print books: (1) You might be wealthy too with goal-based investing (CNBC TV18) for DIY traders. (2) Gamechanger for younger earners. (3) Chinchu Will get a Superpower! for teenagers. He has additionally written seven different free e-books on varied cash administration matters. He’s a patron and co-founder of “Price-only India,” an organisation selling unbiased, commission-free funding recommendation.
Our flagship course! Be taught to handle your portfolio like a professional to attain your targets no matter market situations! ⇐ Greater than 3,000 traders and advisors are a part of our unique neighborhood! Get readability on plan in your targets and obtain the mandatory corpus regardless of the market situation is!! Watch the primary lecture without spending a dime! One-time fee! No recurring charges! Life-long entry to movies! Cut back worry, uncertainty and doubt whereas investing! Discover ways to plan in your targets earlier than and after retirement with confidence.
Our new course! Enhance your earnings by getting individuals to pay in your abilities! ⇐ Greater than 700 salaried workers, entrepreneurs and monetary advisors are a part of our unique neighborhood! Discover ways to get individuals to pay in your abilities! Whether or not you’re a skilled or small enterprise proprietor who desires extra shoppers through on-line visibility or a salaried individual wanting a facet earnings or passive earnings, we are going to present you obtain this by showcasing your abilities and constructing a neighborhood that trusts and pays you! (watch 1st lecture without spending a dime). One-time fee! No recurring charges! Life-long entry to movies!
Our new ebook for teenagers: “Chinchu Will get a Superpower!” is now accessible!
Most investor issues might be traced to a scarcity of knowledgeable decision-making. We made dangerous selections and cash errors after we began incomes and spent years undoing these errors. Why ought to our youngsters undergo the identical ache? What is that this ebook about? As dad and mom, what would it not be if we needed to groom one capability in our youngsters that’s key not solely to cash administration and investing however to any facet of life? My reply: Sound Choice Making. So, on this ebook, we meet Chinchu, who’s about to show 10. What he desires for his birthday and the way his dad and mom plan for it, in addition to educating him a number of key concepts of decision-making and cash administration, is the narrative. What readers say!
Should-read ebook even for adults! That is one thing that each guardian ought to train their youngsters proper from their younger age. The significance of cash administration and determination making primarily based on their desires and desires. Very properly written in easy phrases. – Arun.
Purchase the ebook: Chinchu will get a superpower in your youngster!
Easy methods to revenue from content material writing: Our new e-book is for these all for getting facet earnings through content material writing. It’s accessible at a 50% low cost for Rs. 500 solely!
Do you wish to verify if the market is overvalued or undervalued? Use our market valuation device (it’ll work with any index!), or get the Tactical Purchase/Promote timing device!
We publish month-to-month mutual fund screeners and momentum, low-volatility inventory screeners.
About freefincal & its content material coverage. Freefincal is a Information Media Group devoted to offering authentic evaluation, stories, opinions and insights on mutual funds, shares, investing, retirement and private finance developments. We achieve this with out battle of curiosity and bias. Comply with us on Google Information. Freefincal serves greater than three million readers a yr (5 million web page views) with articles primarily based solely on factual data and detailed evaluation by its authors. All statements made shall be verified with credible and educated sources earlier than publication. Freefincal doesn’t publish paid articles, promotions, PR, satire or opinions with out information. All opinions shall be inferences backed by verifiable, reproducible proof/information. Contact data: letters {at} freefincal {dot} com (sponsored posts or paid collaborations won’t be entertained)
Join with us on social media
Our publications
You Can Be Wealthy Too with Objective-Primarily based Investing
Printed by CNBC TV18, this ebook is supposed that will help you ask the precise questions and search the proper solutions, and because it comes with 9 on-line calculators, you may also create customized options in your life-style! Get it now.
Gamechanger: Overlook Startups, Be part of Company & Nonetheless Dwell the Wealthy Life You Need
This ebook is supposed for younger earners to get their fundamentals proper from day one! It’ll additionally aid you journey to unique locations at a low price! Get it or present it to a younger earner.Your Final Information to Journey
That is an in-depth dive into trip planning, discovering low cost flights, funds lodging, what to do when travelling, and the way travelling slowly is best financially and psychologically, with hyperlinks to the net pages and hand-holding at each step. Get the pdf for Rs 300 (prompt obtain)