New Tax On Mutual Funds,Stock,Gold and Silver & ETF
Common people are not aware of it and taxes are increasing on the income of share market
Today in this article I will tell you in detail that if you invest in mutual funds or ETFs then you must read this article
Common people are not even aware that the government has increased the tax from 10% to 12% overnight
If you invest in overseas fund then like you have MAFAG in which Facebook, Apple, Amazon, Netflix, companies are included and Motilal Oswal’s ETF is of 100 crores
So if you invest in this ETF then earlier you used to have to pay 10% tax on long term but now you will have to pay 12.5% tax and the second thing is that there is no such thing as short term capital gain tax in it. Slab rate will be directly applicable and in all three, Gold, Silver and Overseas Fund, you will be charged slab rate in short term and LTCG in long term and you will not get the benefit of indexation.
If you are equity investors, if we talk about equity ETF or equity mutual fund, then common people used to get an exam of ₹ 100000, which was increased to 1.25 lakh, so the tax that will be applicable to common people, if in long term again 1 year holding, you are getting a profit of 1.25 lakh out of 1 lakh, only then you will be charged 12.5% tax.
Second thing:- Debt ETF or Debt Mutual Fund
Is any such mutual fund in which the allocation in debt is above 65%, then there is no long term capital gain tax, which means tax will be applicable but the slab rate will be considered as tax.
But mutual fund investors have been wronged because the common man who is investing in gold, silver and overseas fund is considering long term and again after 2 years The government comes and says first pay me tax and then withdraw your money from mutual fund
Indexation means that generally as inflation is increasing, the government provides you people a table of indexation in this way which can be found on the income tax website
Now you people have to understand that STT has been increased, tax has been made 12.5% on long term and no one is discussing short term, short term capital gain is tax
If you people are getting profit in stock or mutual fund, then earlier there was 15% tax but now the tax has been increased by 5%, if you people are from middle class, then the government is saying that if you earn money from the market, then we also need it
So people are saying this in social media that now tax is being imposed like United States of America i.e. USA and our infrastructure and our roads, our facilities are like Afghanistan
Conclusion:- How did you people feel after reading this article In this article, we have written about Gold, Silver, Mutual Fund, Stock and ETF Taxes. What is your opinion, please tell us by commenting. Thank you.