Mitesh Chauhan, partner, Economic Laws Practice (ELP) has been quoted by Business Standard in their article titled ‘Budget 2022: MF industry seen benefiting with digital assets under tax net’.
Mitesh says, “With the proposed amendment, the maximum surcharge rate on long-term capital gains on transfer of units of equity and debt mutual funds will be 15 percent. This is a positive amendment. It will provide a much needed boost to the mutual funds industry.”
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