Equity gains will be impacted after the entry of LTCG tax in Budget 2018-19. We address your concerns in the March issue of MFI to help you take well informed decisions
16-Feb-2018
As you are well aware, Budget 2018-19 has restored the capital gains tax on long-term gains from equity funds, which was abolished in 2005.
There are some complexities in understanding the impact of this taxation. On the plus side, there are tax breaks till Rs 1 lakh income as well as an exemption for past income (grandfathering). The drawback of this proposal is a lack of indexation as well as an equivalent levy on mutual fund dividends. Our cover story tackles all aspects of this tax, it's complete implications, as well as the answers to all the questions that investors are asking.
Read all about these changes in 'Your Investment Strategy Post Budget', the cover story of the March 2018 issue of Mutual Fund Insight. We also have a booklet along with this issue, 'The Budget and You'.
I'd also like to assure our readers that in the peak of tax season, Value Research will add some special functions to our free Portfolio Manager tool. For members who track their investments on our website, we will provide a customised capital gains statement and tax-planner, which will incorporate grandfathering, the tax on dividends, as well as all other aspects of the tax.
That's not all--there's a lot more in this issue that will help you choose the best mutual fund investments.
The issue is now on news stands. You can also subscribe to the printed version, or buy a digital subscription (PDF + online reader) instantly.
