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VERIFIEDMint Money·neutral
Debt funds bought before or after 1 April 2023: Know how the tax treatment changes
AI Summary
- ·Debt funds purchased before April 1, 2023, have long-term capital gains taxed at 12.5% after 24 months.
- ·Short-term capital gains on debt funds purchased before April 1, 2023, are taxed as per the income slab.
- ·All gains on debt funds purchased on or after April 1, 2023, are taxed according to the investor's income tax slab.