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 ....
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