Best SIP Funds to Invest Online
Since 1 April, 2018, long-term capital gains (LTCG) made on redemption of equity mutual funds have been subject to 10% tax.
The tax is applicable on LTCG made by the investor over and above Rs 1 lakh a year.
However, the LTCG made till 31 January, 2018, have been grandfathered, so the gains will remain tax-exempt.
The tax is applicable on LTCG made by the investor over and above Rs 1 lakh a year.
However, the LTCG made till 31 January, 2018, have been grandfathered, so the gains will remain tax-exempt.
In case of units purchased before 1 February, 2018, cost of acquisition will be considered as the higher of the actual cost of acquisition, or the NAV as on 31 January 2018.
If the sale consideration (NAV for redemption) is lower than the NAV on 31 January 2018, the sale consideration will be considered instead of NAV.
If the sale consideration (NAV for redemption) is lower than the NAV on 31 January 2018, the sale consideration will be considered instead of NAV.
SIPs are Best Investments as Stock Market s are move up and down. Volatile is your best friend in making Money and creating enormous Wealth, If you have patience and long term Investing orientation. Invest in Best SIP Mutual Funds and get good returns over a period of time. Know which are the Top SIP Funds to Invest Save Tax Get Rich - Best ELSS Funds
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