#BREAKING #NEWS !
#Debt #mutual #funds bought after #April 1st, 2023 & held for over 3 yrs, will NO longer enjoy #indexation benefit NOR will be eligible for 20% #tax rate.
Brings bank FDs on-par with debt MFs.
A big positive for banks.
Debt mutual funds bought after April 1st, 2023 & held for over 3 years, will no longer enjoy indexation benefit nor will be eligible for long term capital gain tax (20% tax rate). View: Currently, investors in debt funds pay income tax on capital gains according to their income tax slab for a holding period of three years and after that, they are taxed at the rate of 20% with indexation benefits or 10% without indexation. This amendment in the recent Finance bill 2023 brings bank FDs on-par with debt MFs. The proposal is likely to give a boost to bank fixed deposits & also pure equity funds and do away with the arbitrage between different debt instruments. The objective is to plug a tax loophole used by high net worth individuals and family offices for investments. This is positive for banks and negative for AMCs.
#Debt #mutual #funds bought after #April 1st, 2023 & held for over 3 yrs, will NO longer enjoy #indexation benefit NOR will be eligible for 20% #tax rate.
Brings bank FDs on-par with debt MFs.
A big positive for banks.
Debt mutual funds bought after April 1st, 2023 & held for over 3 years, will no longer enjoy indexation benefit nor will be eligible for long term capital gain tax (20% tax rate). View: Currently, investors in debt funds pay income tax on capital gains according to their income tax slab for a holding period of three years and after that, they are taxed at the rate of 20% with indexation benefits or 10% without indexation. This amendment in the recent Finance bill 2023 brings bank FDs on-par with debt MFs. The proposal is likely to give a boost to bank fixed deposits & also pure equity funds and do away with the arbitrage between different debt instruments. The objective is to plug a tax loophole used by high net worth individuals and family offices for investments. This is positive for banks and negative for AMCs.
#Q4 #EARNING #SEASON BEGINS:
(#APRIL)
#ALLIESFIN
12th - #TCS
12th - ANAND RATHI
12th - DHARANI SUGARS
12th - NATIONAL STANDARD
13th - #INFOSYS
13th - AVANTEL
15th - #HDFC BANK
17th - ANGEL ONE
18th - ICICI LOMBARD
18th - SCHAEFFLER INDIA
18th - #TATA COFFEE
18th - #ICICI SEC.
19th - TATA COMM.
20th - #HCL TECH
20th - ICICI PRU.
22nd - ICICI BANK
24th - MAHARASHTRA SCOOTERS
25th - #BAJAJ AUTO
25th - HDFC AMC
25th - #NESTLE INDIA
25th - ELECON
25th - #MAHINDRA CIE
25th - MAHINDRA LIFESPACES
25th - MAHINDRA HOLIDAY
26th - BAJAJ FINANCE
26th - HDFC LIFE
26th - LTTS
26th - POONAWALLA FINCORP
26th - UTI AMC
27th - #AXIS BANK
27th - BAJAJ FINSERV
27th - WIPRO
(#APRIL)
#ALLIESFIN
12th - #TCS
12th - ANAND RATHI
12th - DHARANI SUGARS
12th - NATIONAL STANDARD
13th - #INFOSYS
13th - AVANTEL
15th - #HDFC BANK
17th - ANGEL ONE
18th - ICICI LOMBARD
18th - SCHAEFFLER INDIA
18th - #TATA COFFEE
18th - #ICICI SEC.
19th - TATA COMM.
20th - #HCL TECH
20th - ICICI PRU.
22nd - ICICI BANK
24th - MAHARASHTRA SCOOTERS
25th - #BAJAJ AUTO
25th - HDFC AMC
25th - #NESTLE INDIA
25th - ELECON
25th - #MAHINDRA CIE
25th - MAHINDRA LIFESPACES
25th - MAHINDRA HOLIDAY
26th - BAJAJ FINANCE
26th - HDFC LIFE
26th - LTTS
26th - POONAWALLA FINCORP
26th - UTI AMC
27th - #AXIS BANK
27th - BAJAJ FINSERV
27th - WIPRO