How is long term capital gains taxed?
Answer
Answer
Answer
Earlier the LTCG falling under the exemption of section 10(38) were not taxable. Union budget 2018 -19 brought in major changes by amending this section. Now LTCG from equity shares if exceeding Rs 1 lakh (without indexing) will be subject to a tax at 10%. This rule will be applicable to transfer taken place after 1st April 2018.