I agree, had they not committed it would be a different case.
They opened a week’s window, let ppl buy till 1-apr-23 and in next budget backtracked.
@Quicko
What about the cae of Debt MF purchased before 31-03-2023 which had LT tax of 20% with indexation?
like in the links in opening post, are those categorized to 12.5% without indexation?
It has not been addressed, maybe you can add section to your z-connect blog.
What changes for investors after Budget 2024? – Z-Connect by Zerodha
There is a discrepancy of whether debt MF ltcg is fully added to tax slab or at special rate, its not clear.
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yes it can be. Any commitment can be changed in next budget and passed again on floor of parliament. It is not ethical but also not illegal 
In past govt has also introduced retrospective taxation and retrospective law changes so govt going back on their commitment is not a new thing.
Nope.
indexation is not only removed for debt funds. It is also removed for real estate and other asset class. So this is not really oversight.
Nope. Fresh debt funds are still being taxed at slab so there is no change there
Best of luck
I don’t completely disagree with him.
But all of this logic is only considered when its favorable to them.
Else STT is very unfair tax - I don’t make money yet and they want to tax me already and if i happen to make some then tax again.
Not having indexation is pretty unfair too, considering low real rates.
Having to magically predict ‘speculative’ trading income in advance for entire year is pretty unfair too.
How about slab rates having no link to inflation ? Pretty unfair too.
Capital gains bond is also at lower rate than market - 5.25% and interest income is again taxable at slabs. So you make negative real returns there.
How about tax free agricultural income ? Fair ? etc etc
Anyway …
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STT should be scrapped now, there is no similar tax as STT and all that stamp duty etc
if they want to level it, it should be fairly leveled
STT + 20% stcg is nonsense
Govt forgets the liquidity pump that gives better valuation to PSUs are also shareholders.
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Not gonna happen now clearly.
If they keep increasing, then eventually perhaps only gamblers will trade intraday.
Already trading in Nifty Futures intraday is not worth it for me as its not volatile enough. BNF is better, but only by so much.
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AMFI talking about grandfathering for debt MF holders.
It begs the question, why did they u-turn on a commitment within a year for debt MFs.
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I guess no fighters for debt funds. The chaos seems to have made way for Govt to reconsider tax changes for House property for now. looks like some changes are coming in.