Consider the following statements about the capital market reforms introduced in the Union Budget 2024-25:
- The tax regime for foreign portfolio investors (FPIs) has been simplified.
- Taxation rules for debt mutual funds have been aligned with equity mutual funds.
- The dividend distribution tax has been abolished for all mutual funds.
Which of the above statements is/are correct?
1
1 only
2
1 and 2 only
3
2 and 3 only
4
1 and 3 only
5
1, 2, and 3