India's Finance Ministry is ending the long-term capital gain tax benefit given to investors in debt mutual funds, and is bringing in market-linked debentures under short-term capital gain taxation. The rationale behind the move is to create tax parity between speculation in market linked debts and interest earned from fixed deposits, said Sonu Iyer,EY India. While the change has already become law, litigation is expected as the proposal could fall foul of existing tax rules.