SEBI Considers Tax Relief for India’s Mutual Fund Investors
Photo: DeFi Planet
India’s market regulator, Securities and Exchange Board of India (SEBI), is considering a major change to how it taxes mutual funds. Currently, if an investor sells a mutual fund to buy a different one, they must pay a Long-Term Capital Gains (LTCG) tax on their profit. The new proposal suggests removing this tax, but only if the investor immediately uses that exact money to buy a new mutual fund. India is planning to remove LTCG tax for FIIs and keep 12.5% tax for retail investors who have been supporting markets with their SIPs Retail investors are also paying 20% TCS…
Source: DeFi Planet
