Govt may tweak rules for long-term cap gains tax

[IndiaInsurance]

https://img.etimg.com/photo/96676208.cms (https://economictimes.indiatimes.com/wealth/personal-finance-news/govt-may-tweak-rules-for-long-term-cap-gains-tax/articleshow/96676208.cms)Currently, the holding period to qualify as a long-term asset for units of an equity-linked mutual fund is 12 months, whereas it is 36 months if it is a debt-oriented mutual fund. There is also a difference in rates — the former attracts LTCG tax at 10%, whereas the rate is 20% (with indexation) for units of debt-oriented mutual funds.

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