News & Media 3rd Feb 2022

Budget 2022: MF industry seen benefiting with digital assets under tax net

Authors

Mitesh Jain Partner | Mumbai

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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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