Long-Term Capital Gains (LTCG)

  • Recently, the government has passed amendments to the Finance Bill 2023. One of the major highlights was removing the long-term capital gains (LTCG) tax benefit from debt mutual funds.
  • LTCG is 10% for gains in stocks and equity mutual funds. It is 20% for gains in real estate, debt funds and other assets along with the benefit of indexation.
  • Assets held before the specified holding periods are subject to Short Term Capital Gains Tax (STCG). This is generally imposed at slab rate.
  • There was no LTCG on stocks and mutual funds before 2018 however Budget 2018 introduced LTCG of ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

News Snippets