In April 2023, the government removed the indexation benefit for debt MF schemes. The gains are now taxed at the investor's slab rate irrespective of the holding period. Changes in Budget 2024 added to the taxation challenge for debt MF investors as investments that were made before April 2023 also lost the indexation advantage.
"We believe that applying the new tax rates on a retrospective basis can be detrimental to investor confidence and deter new investors from entering capital markets as well as the existing ones to make further investments," said the Association of Mutual Funds in India (Amfi).
The industry body has sought alignment of debt fund taxation with that of listed bonds.
Diese Geschichte stammt aus der December 31, 2024-Ausgabe von Business Standard.
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