Sunday 11 February 2018

What is LTCG ( Long term Capital Gain) and STT tax 2018 explained /

What is LTCG ( Long term Capital Gain) and STT tax 2018 explained .
Step by step complete details.

The Budget 2018 has changed how long-term capital gains tax on equity mutual funds will be levied from April 1, 2018. Here's how the new tax regime will apply to individuals:

1. What is the budget proposal of LTCG (long-term capital gains) tax on equity mutual funds?

Till now, investors, who invested in equity mutual funds and sold them after holding them for more than a year, paid zero LTCG tax. In this year's budget, the government has proposed a 10 per cent LTCG tax on gains made above Rs 1 lakh per annum.

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1 comment:

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