Will the new 10% Capital Gains Tax affect investments in mutual funds?
Have a query about the 2018 budget? Looking out for information about the impact of capital gains on mutual funds investments? Find advice from financial experts on this page.
As per the 2018 Union Budget of India, it is proposed to put a long-term capital gains tax of 10% on the sale of listed securities on gains of over Rs. 1 lakh. I would like to know whether this tax will also affect other investments, especially mutual funds. That is, is that tax applicable to mutual funds' investments as well? On what other financial products or commodities will this tax be applicable?