Mutual Fund Taxation – AY Year 2021-2022 ( FY 2020-2021)
Mutual Fund Taxation some changes took place in budget 2020. Here in this article, I will explain taxation for FY 2020-2021, ay 2021-2022. The taxation of mutual funds will depend on 3 factors. 3 Factors that will decide Mutual Fund TAxation are… 1) Resident Status of You i.e Resident or Non-Resident ( NRI)… The tax that you have to pay will be different if you are resident Indian, the tax treatment will be different and if you are an NRI, your tax will be different from Resident Indian. 2) The tax also depends on the types of mutual funds …
ULIP- Why they are bad to invest even they are tax free?
ULIP is not good to invest even the maturity is tax-free. People now think Unit Linked Insurance plan is better as equity mutual funds have capital gain tax. But these people are wrong. In Budget 2018, the Government of India re-introduced capital gain tax on equity mutual funds. Now, you have to pay tax if your withdrawn profit from equity mutual funds is more than 1 lakh, then you have to pay 10% as capital gain tax on the over and above 1 lakh profit. But, at the same tax benefit on Unit Linked Insurance Plan Maturity is kept tax free …
