Important update for Debt mutual fund holders/ Market linked Debentures📢

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Dear Sir/Ma'am

Hope you are doing well!

We would like to bring to your kind attention that as per the amendment made in Finance Bill, 2023, w.e.f 1.04.2023, any long-term capital gain arising on the transfer of debt mutual funds/market-linked debentures will be taxed as per the slab rate applicable on the assessee. 

Currently, taxability is as follows-

1. Long-Term Capital gains on debt mutual funds are taxable at 20% with an Indexation benefit.

2. Market-linked debentures are taxable at 10%.

Therefore, In order to avail the benefit of Indexation you may invest in the above-mentioned funds on or before 31.03.2023, else the same would be taxable as per the slab rate applicable to you.

Warm Regards

Team JJ Tax