MPR Sanjay Kumar (2979 Points)
21 March 2023
CA Rakesh Ishi
(Working at Private Company)
(7775 Points)
Replied 21 March 2023
For most assets like equity shares, equity mutual funds, and equity-oriented unit-linked insurance plans (ULIPs), the long-term capital gains tax rate is 10% on gains exceeding Rs. 1 lakh. This rule was introduced in the Union Budget 2018 and is applicable from the financial year 2018-19 onwards.
For assets like debt mutual funds and real estate, the long-term capital gains tax rate is 20% on gains after allowing for indexation benefits. Indexation is a technique to adjust the purchase price of an asset for inflation, which reduces the tax liability.
MPR Sanjay Kumar
(2979 Points)
Replied 21 March 2023
Manish
(CA)
(1076 Points)
Replied 21 March 2023
10% in below cases (without indexation):
For all assessees - u/s 112A
LTCG above 1 lakh on:
1. Equity Shares
2. Equity funds
3. Units of business trust
For resident assessees - u/s 112
LTCG on:
1. Listed securities (other than units)
2. Zero coupon bonds
For NR and foreign companies - u/s 112
LTCG on:
1. Unlisted securities
2. Shares of closely held companies.
20% for all other (with indexation).
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