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LTCG tax on gains from equity

Others 257 views 6 replies

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 22 March 2020

Hi,

Most of the stocks in nifty 50 available at half of the regular prices.

If we buy now and sell after 2 years, the money almost will be doubled.

Will there be any income tax ?

Would LTCG be exempted from next budget??

Replies (6)

CA Naveen Chand

Chartered Accountant

12739 Points Posted on 22 March 2020

as of now , PoH > 1 year

LTCG on listed shares in INDIA recognized stock market is taxable @ 10 % over & above Rs. 1,00,000

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 22 March 2020

If we invest 10lacs now and if it become 20lacs by march 2022.

Only one Lac exempt??

Won't it be exempt from 2021 budget

Puneet

Finance

35 Points Posted on 25 March 2020

For equity shares period of holding is 1 years for short term...

for long term tax rate will be 10%.however gain upto 1lacs is exempt

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 26 March 2020

But LTCG on equity may be fully exempted through next budget

Puneet

Finance

35 Points Posted on 26 March 2020

No such amendment

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 26 March 2020

Upcoming budget..

LTCG recovery on shares is only for one full year as per the FM in the earlier press meets.

It may be exempted from upcoming Budget