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??
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LTCG tax on gains from equity
Replies (6)
Quick Summary
as of now , PoH > 1 year
LTCG on listed shares in INDIA recognized stock market is taxable @ 10 % over & above Rs. 1,00,000
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
Only one Lac exempt??
Won't it be exempt from 2021 budget
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
for long term tax rate will be 10%.however gain upto 1lacs is exempt
But LTCG on equity may be fully exempted through next budget
No such amendment
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
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
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