Debt mutual funds still have tax benefits over bank FDs despite no LTCG indexation benefit

The government has changed the taxation of debt mutual funds from April 1, 2023. The government has taken away the indexation benefit available on the debt mutual funds. The indexation benefit was available in case of long-term capital gains. However, the debt mutual funds are still offering certain tax benefits over bank fixed deposits. Read on to know more.

from Tax-Wealth-Economic Times https://ift.tt/O9s8Nkt