LONG TERM CAPITAL GAINS ARE TAXED @ 10% IN EXCESS OF RS.1 LAKHS . PREVIOUSLY any Long term capital gain taxed if purchased and listed in recognized stock exchange . It was exempted u/sec 10(38). only stt tax is applicable.
When you sold a listed equity share with in 12 months then it becomes short term capital gain when you sold after 12month or more to it then it becomes long term short term capital gain arrived by sales price minus expenses minus purchase price they are taxed @ 15 % with 4%cess if there's is gain and if there's is adjustment long term capital gain calculation depends upon many factors suppose for indextion then sales value minus cost of acquisition indexing minus cost of asset improvement indexing minus expenses they are taxed if above or over 1 lakhs @ 10% plus 4%
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