Capital Gains Tax

  • In Budget 2019, Long Term Capital Gains (LTCG) from sale of housing property has been exempted from tax if capital gains are invested in a startup. To facilitate this, the Sunset Clause has been extended till 31st March, 2021.
  • The tax levied on the profit or gain earned on selling capital assets is called capital gains tax.
  • Depending on the holding period, capital gains tax can be Long term Capital Gains Tax (LTCG) or Short term Capital Gains Tax (STCG).

Basic Facts

  • Capital Gain Tax: Capital gain is the profit that arises from the sale of a capital asset. ....
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