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India exempts debt mutual funds from new tax for a short period

He also increased the long-term capital gains tax rate on debt-linked mutual funds to 20 percent from 10 percent.

Jaitley announces some concessions, tax on MF from July 10

The Lok Sabha later passed the Finance Bill, 2014 completing the budgetary exercise in the Lower House.

No retro tax on debt Mutual Fund: Arun Jaitley

Jaitley said that higher tax on debt mutual funds will apply prospectively from July 10.

Government to not retrospectively tax debt fund investors

The government will not retrospectively tax debt fund investors, as per Zee news sources.