Can i first adjust short term capital gain on debt fund... then adjust short term capital
gain on equity funds..
Scott Donaldson: If you have a 0.5 % annual
fee on an equity fund that's returning 10 % a year, that's not that significant, right?
The great performance of the markets has had a good
effect on equity funds and consequently they have also yielded good returns.
For a long time now, long - term capital gain or
LTCG on Equity funds was tax exempt which was a great boost to get people to invest.
and finally longterm capital gain
on equity funds..
From April 1, 2018, LTCG
on equity funds will be taxed at 10 % beyond Rs. 1,00,000 gain in a single financial year.