November 21, 2024
Operating Assets

Budget 2024 changes: How new rules make international funds more attractive

The Budget 2024 amendments have introduced significant changes to the definition of specified mutual funds, making international funds and funds of funds (FOF) more attractive to investors. The key highlight of these amendments is the reinstatement of indexation benefits, which will now apply to these categories. Additionally, long-term capital gains will only be charged if

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Operating Assets

Budget 2024 tilts tax scale in favour of international mutual funds. Time to go global?

The budget shocked investors with a change in capital gain structure but gave a relief to those investing in international funds. Finance Minister Nirmala Sitharaman announced a change in holding period, LTCG tax rate while keeping STCG tax rate unchanged for overseas FoFs (international funds), gold mutual funds, and equity FoFs.The holding period for equity

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