Long Term Capital Gains Tax

The share buyback, or share repurchase is a process where a company buys back its own shares from investors or stakeholders

Bitcoin and other cryptocurrencies suffered hefty losses on concern that US President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets.

Capital gains are classified into long-term capital gains and short-term capital gains, depending on whether the assets were held for the long term or within a shorter span.

Bharatiya Janata Party has recommended adjusting rules on taxing equity market returns in the upcoming budget on February 1.

Budget 2020: Currently the duration of LTCG tax for equity is at one year, two years for property and three years for gold.

If property is sold within 24 months, one has to pay a short term capital gains tax (STCG) on the gains as per an individual's income-tax slab.

Long-Term Capital Gains Tax: This tax is applicable on profits arising from sale of applicable assets held for more than one year from the date of purchase.

Finance Ministry also decided to withdraw enhanced surcharge on short and long term capital gains arising from transfer of equity shares.

Budget 2019 date: CII in a statement said that the tax rate on all corporate taxpayers should be reduced to 25 per cent unconditionally without any turnover criteria

The grandfather concept implies that all the capital gains accrued on equity/ mutual funds until January 31 will be exempt from taxation

Major dampener in the budget 2018-19 was the re-introduction of long term capital gains (LTCG) tax on equities

Tax liability on long term capital gains (LTCG) at the rate of 10% will accrue only when the shares or mutual funds are sold after April 1, 2018.

In Budget 2018, among the other income tax changes proposed, a standard deduction of Rs 40,000 for the salaried class was introduced.

In Budget 2018, Finance Minister Arun Jaitley proposed to impose LTCG on equities exceeding Rs 1 lakh at 10 per cent, which is expected to bring in revenue of Rs 20,000 crore.

A new 10 per cent tax on long-term capital gains (LTCG) on equity mutual fund investment and stocks/shares was proposed by the finance minister in Budget 2018.

The share buyback, or share repurchase is a process where a company buys back its own shares from investors or stakeholders

Bitcoin and other cryptocurrencies suffered hefty losses on concern that US President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets.

Capital gains are classified into long-term capital gains and short-term capital gains, depending on whether the assets were held for the long term or within a shorter span.

Bharatiya Janata Party has recommended adjusting rules on taxing equity market returns in the upcoming budget on February 1.

Budget 2020: Currently the duration of LTCG tax for equity is at one year, two years for property and three years for gold.

If property is sold within 24 months, one has to pay a short term capital gains tax (STCG) on the gains as per an individual's income-tax slab.

Long-Term Capital Gains Tax: This tax is applicable on profits arising from sale of applicable assets held for more than one year from the date of purchase.

Finance Ministry also decided to withdraw enhanced surcharge on short and long term capital gains arising from transfer of equity shares.

Budget 2019 date: CII in a statement said that the tax rate on all corporate taxpayers should be reduced to 25 per cent unconditionally without any turnover criteria

The grandfather concept implies that all the capital gains accrued on equity/ mutual funds until January 31 will be exempt from taxation

Major dampener in the budget 2018-19 was the re-introduction of long term capital gains (LTCG) tax on equities

Tax liability on long term capital gains (LTCG) at the rate of 10% will accrue only when the shares or mutual funds are sold after April 1, 2018.

In Budget 2018, among the other income tax changes proposed, a standard deduction of Rs 40,000 for the salaried class was introduced.

In Budget 2018, Finance Minister Arun Jaitley proposed to impose LTCG on equities exceeding Rs 1 lakh at 10 per cent, which is expected to bring in revenue of Rs 20,000 crore.

A new 10 per cent tax on long-term capital gains (LTCG) on equity mutual fund investment and stocks/shares was proposed by the finance minister in Budget 2018.