Mfs Capital Gains 2024. The 2024 union budget has introduced significant changes to the taxation of mutual funds (mfs), aimed at simplification of taxation laws. Taxes apply to assets that have been realized, or.
The mutual fund industry is demanding capital gains tax on the units of debt mutual funds held for more than 3 years to be taxed at 10% without indexation, as applicable in. Fund companies are required to give investors an idea of what their 2024 tax bills might look like by estimating how much their funds will distribute in income and capital gains.