Government concessions to debt funds a partial relief: Mutual Fund industry
Mutual Fund industry today termed as 'partial relief' the government's decision to exempt debt mutual funds sold between April 1 and July 10 this year from an increased tax rate.
Earlier this month, the Union budget had proposed doubling of the long-term capital gain tax on debt-oriented mutual fund to 20 per cent with effect April 1, 2014.
Following representations from market participants, Sebi, AMFI and member of Parliaments, Finance Minister Arun Jaitley in Lok Sabha ..
Earlier this month, the Union budget had proposed doubling of the long-term capital gain tax on debt-oriented mutual fund to 20 per cent with effect April 1, 2014.
Following representations from market participants, Sebi, AMFI and member of Parliaments, Finance Minister Arun Jaitley in Lok Sabha ..
No comments:
Post a Comment