Changes in taxation for mutual funds

The Union Budget 2024-25 updated capital gains taxes for financial assets. Equity-oriented mutual funds now have an LTCG tax exemption up to ₹1.25 lakh, with 12.5% tax on gains above. STCG tax increased to 20%. No indexation benefits for any mutual fund scheme, and changes for international funds and gold/silver funds. Debt MFs remain unchanged.
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