Sat,12 Jul 2014
Rupee sinks to a new low, hits people hard
New Delhi, August 29, 2013
First Published: 02:39 IST(29/8/2013) | Last Updated: 04:15 IST(29/8/2013)
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On Thursday, finance minister Arun Jaitley gave investors and the mutual fund industry a jolt by increasing the long-term capital gains tax on debt mutual funds to 20% from 10%. The definition of long-term has also been changed to 36 months for non-equity MFs from 12 months.