How are ultra short term funds taxed?
How are ultra short term funds taxed? STCG from these funds are also added to the investor's income and taxed according to his income slab. LTCG from these funds is taxed at the rate of 20% after indexation and 10% without the benefit of indexation. Are short term debt funds taxable? Short term capital gains (if the units are sold before three years) in debt mutual funds are taxed as per applicable tax rate of the investor. Therefore, if your tax rate is 30% then short term capital gains tax on debt fund is 30% + 4% cess. Long term...