Long term capital gains in equity funds is back: Government has proposed to impose long term capital gains tax of 10% on the gains exceeding Rs.1 lakh.

Tax googly: The government has proposed to grandfather all gains up to January 31, 2018. This means, irrespective of the price you bought the share or units of MFs, the government would consider the highest price quoted on January 31, 2018 as the date of acquisition of shares or units of MFs.

DDT on equity funds: Dividends on equity funds will now be taxed at 10%.