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Debt funds bought before or after 1 April 2023: Know how the tax treatment changes For debt funds purchased before April 2023, long-term capital gains apply after 24 months and are taxed at 12.5%, while STCG are taxed as per the income slab. For investments made on or after 1 April 2023, all gains are taxed as per the investor's income tax slab.  
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