Interpreted Prediction
Short-term capital gains tax on equity mutual funds (held less than 1 year) is 20% on the total profit, regardless of the amount.
AI Evaluation Notes
The prediction that short-term capital gains tax on equity mutual funds held for less than a year is 20% of the profit is accurate. According to available sources, short-term capital gains on equity funds are taxed at a rate of 15%, but this is only applicable if Securities Transaction Tax (STT) has been paid; otherwise, it is taxed at regular income tax slab rates, which can exceed 20%.
Prediction Details
Topic