Long term capital gain

·In case of transfer of listed securities on any recognized stock exchange or units of UTI/ Mutual funds covered u/s 10(23D)/ Zero Coupon Bonds:

The Long term capital gains shall be computed as minimum of the following:

1.     Tax @ 20% on Long term capital gains computed after indexation of cost of such shares, securities or units;

OR

2.     Tax @ 10% on Long term capital gains computed without indexation of cost of such shares, securities or units.

·Long Term Capital gains in case of transfer of Listed equity shares or units of equity oriented mutual funds on or after October 1st’ 2004 is exempt u/s 10(38).