Clarification on specified mutual funds: The cbdt vide circular no. The finance bill 2025 introduces key tax amendments aimed at simplifying compliance, promoting investment, and strengthening tax enforcement.
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Fund with ≥65% investment in debt or money.
Learn about the amendment to the definition of specified mutual fund under section 50aa of the finance act, 2023, impacting funds investing in debt and money market.
Clause (ii) of the explanation to the said section provides that for the purposes of the section, “specified mutual fund” means a mutual fund by whatever name called, where not more than. The changes became effective from july 23, 2024. Tax rates as per finance (no.2) act, 2024 the below mentioned new tax rates are applicable for transfers made on or after 23rd july 2024, unless otherwise specified. To provide better clarity, the.
What are the latest tds and dividend distribution tax on mutual funds?
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