Not to worry about LTCG on equity & equity schemes in MF.

In Union Budget 2018 FM has proposed come back of LTCG on equity @ 10% without indexation. Also 10% DDT is applicable on div distribution in equity funds. Today’s market is looking panic on that regards and big question is that is this hurting the Investment portfolio?

Gavernment has already secured your long term capital gains by grandfatherlng 31st Jan 2018 for calculating LTCG on redeemtion of units / selling of stocks after 1 Apr 2018.

The effect of the change in rule will applicable on buying & selling after 1st of feb. No need to get panic on LTCG application on equity.

As far as DDT is concerned the people who has invested for getting regular income from equity funds by the means of dividend will be attracted some losses as the dividends amount will be reduced due to DDT.

What’s your Reaction?
+1
0
+1
0
+1
0

About the Author

You may also like these

0