My age is over 60 and below 80. I have units of hybrid debt fund purchased in 2011. If I sell the units now whether I can avail indexation benefit? What will be the rate of tax on the gains? If my income including the gain on sale of units and after all applicable deductions (old tax regime) is below Rs. 5,00,000/-, will I still have to pay tax on the gain on sale of units? Thanks.
Tax Implications for Seniors Selling Hybrid Debt Fund Units: Indexation Benefits, Tax Rate, and Income Thresholds Explained A participant in a discussion forum inquires about the tax implications of selling units of a hybrid debt fund purchased in 2011. They are over 60 years old and want to know if they can avail of indexation benefits and the applicable tax rate on the gains. Additionally, they ask if they need to pay tax on these gains if their total income, including the gains and after deductions under the old tax regime, is below Rs. 5,00,000. (AI Summary)
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