Business
Govt proposes modifications in Debt mutual funds – how does this influence banks, life insurers, NBFCs and others
Amongst different proposals, the invoice has proposed that from April 1, investments in debt mutual funds can be taxed as short-term capital beneficial properties. The transfer would strip buyers of the long-term tax advantages that had made such investments fashionable.
The Finance Invoice, which provides impact to taxation proposals for 2023-24, handed by Lok Sabha on Friday – Picture Supply: Pixabay
