What is a “Specified Mutual Fund” according to Finance Bill 2024?

Budget 2024 clarified the definition of a specified mutual fund. This definition will be applicable from 1st April 2025. What about the change in taxation rules? When do they come into force? According to Finance Bill 2024 (as passed by the Lok Sabha on 7th Aug 2024), “‘(ii) “Specified Mutual Fund” means,–– (a) a Mutual...

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