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My Debt MF Gains FY25: How Will I Be Taxed?

Vivek Lala | Answer |Ask -Follow

Tax, MF Expert - Answered on Jun 04, 2025

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more

Question by Prasanta on Mar 24, 2025Hindi

Money

How capital gains from debt mf during fy 2024'25 shall be treated for income tax purpose

Ans: They will be added to your total income

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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My name O S Rao. I am 76 years old. I have an income from interest about 2.5 lakhs per annum. Around 7th February, I redeemed around 18 lakhs from my MF account and reinvested again in the same fund next week. The statement issued by Asset management company shows a capital gain of Rs 6.50 Lakhs Long term Capital gain. Now my questions are: 1) what is my tax liability for financial year 2023-24? 2) Do I have to pay advance tax on capital gain amount before 31st March 2024?

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Question by Raj - Mar 13, 2025Hindi

Hi I am holding debt mutual fund Bought in 2017 for rs 50 lac now current value ia 75 lac If i sell @ invest all 75 lac rs in purchase of plot then is tax become zero

Ans: You may avail exemption u/s 54-F & invest in residential house property, subject to the following conditions :
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02. You will have to construct the plot with in a period of 3 years from the date of Sale of MFs.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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