Reports: Mutual fund investors will have to bear the burden of stamp duty tax twice
Jun 30 2020
News Category: Regulatory Updates
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According to media reports, mutual fund investors will have to bear the burden of stamp duty tax twice; at investor level (when he purchases mutual fund units) and at portfolio level (when the fund manager executes transaction). While the first taxation will be levied upfront, it will be adjusted to scheme’s TER in the second incident. The same is effective from Jul 1, 2020.

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