I have invested in balanced advantage funds. How do I know what is the tax rate of my profits?
Based on Google search, rate will be either of debt fund rates (income slab rate on short term and 20% after indexation on long term) or that of equity fund rates (15% on short term and 10% without indexation after long term, both after STT deduction). And which rate will be applicable will be decided by recent investments by the fund, but not sure what is the definition of “recent” and where to get historical portfolios.
So, my question is if I book my profit now, how do I know which rate will be applicable? Shall I receive any document from the fund now at time of sell? Or at end of financial year? Or, something else?