The basics of taxation is that stocks
The basics of taxation is that stocks listed on NSE or BSE in India are specially taxed at 15% for less than a year in STCG and 10% for gains exceeding one lakh in LTCG. All mutual funds consisting of at least 65% of such stocks are taxed the same way too. Debt MFs, international stock MFs, gold MFs etc are all taxed at your slab rate regardless of holding period
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