Long term capital gains accrued from selling equity shares and equity-oriented mutual funds are exempt from tax for maximum up to Rs 1 lakh in a financial year. The entire profited amount will qualify for taxable income and will be charged a flat 20% tax under long-term capital gain. Long term capital gains accrued from selling equity shares and equity-oriented mutual funds are exempt from tax for maximum up to Rs 1 lakh. 4 days ago ยท Before the Budget 2018 was amended, the LTCG earned on the sale of equity shares was tax-free in the hands of investors. Within range of following distance measured aerially from the local limits of any municipality or. Learn all about long-term capital gain tax and how to pay less using section 54 and.
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