LTCG of equity shares treatment for total income computation

This discussion clarifies the tax treatment of Long Term Capital Gains (LTCG) from equity shares. While LTCG up to £100,000 is exempt, gains exceeding this amount are taxed at 10%. The total LTCG, including the taxable portion, needs to be declared in Schedule 112A, and tax calculation utilities will automatically apply the special 10% rate to the amount above £100,000, incorporating it into your final tax liability.