Long term capital gain tax rate on equity shares in india
Calculating long-term capital gains (LTCG) arising from the sale of equity shares and equity mutual funds has become necessary for filing ITR (income tax return) as this is the first time such gains have become taxable after a long period of time. In Budget 2018, LTCG was made taxable. This rule applies for transactions made on or after April 1, 2018 and will be applicable for FY 2018-19 onwards. The individual purchasing the property must be applicable for tax exemption on the tax rate applicable to the NRIs income slab, in case the property is a short-term asset. 20% of long-term capital gains tax is applicable in case the property is a long-term asset. India Business News: The proposed long-term capital gains tax on equity holdings will apply on profits made from sale of shares on or after April 1, 2018, the government s