365telugu.com online news, Hyderabad, April 1, 2023: New rules will be implemented from today. Earnings from online gaming are now taxed at 30 percent. Earlier, the tax was applicable only on income of Rs.10,000 or more. Apart from this, while filing the income tax return, the amount earned through online gaming is now also to be reported.
Debt Mutual Fund: No LTCG Benefit..
The rules for investing in debt mutual funds will change from April 1. Under this, the definition of Long Term Capital Gains Tax (LTCG) has now changed. The new rules will apply to debt mutual funds that invest less than 35 percent in the stock market. Under this, short-term capital gains tax is levied on returns on investment. As a result, investors have to pay more tax than before.
Tax on loan repayment in REIT-INVIT..
As per the new rule, if the loan is paid in REIT and InvIT, it will be taxed. Under this companies give amount in form of loan repayment to unit holders. A REIT is a scheme that collects money from investors and invests it in real estate. Similarly, InvIT is investment in infrastructure by companies raising money under a scheme.