https://www.taxtmi.com/acts?id=43564 Amendment to section 50AA deems the net consideration from units of a Specified Mutual Fund acquired on or after 1 April 2023, Market Linked Debentures, and unlisted bonds or debentures transferred, redeemed or maturing on or after 23 July 2024, after deducting cost of acquisition and transfer-related expenditure, to be capital gains arising from transfer of a short-term capital asset; the opening substitution is retrospective to 23 July 2024, and the Explanation redefining Specified Mutual Fund (debt- and money-market-focused funds) takes effect from 1 April 2026. en-us Tue, 23 Jul 2024 15:34:19 +0530 Fri, 26 Jul 2024 18:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43564 Amendment to section 50AA deems the net consideration from units of a Specified Mutual Fund acquired on or after 1 April 2023, Market Linked Debentures, and unlisted bonds or debentures transferred, redeemed or maturing on or after 23 July 2024, after deducting cost of acquisition and transfer-related expenditure, to be capital gains arising from transfer of a short-term capital asset; the opening substitution is retrospective to 23 July 2024, and the Explanation redefining Specified Mutual Fund (debt- and money-market-focused funds) takes effect from 1 April 2026. Act-Rules Bills Tue, 23 Jul 2024 15:34:19 +0530 https://www.taxtmi.com/acts?id=43564