Effective from 1 April 2018, long-term capital gains (LTCG) from equity instruments—be it listed shares or equity-oriented mutual funds—will attract tax. The new provision of tax on LTCG from equity was introduced in the Finance Act, 2018. While earlier such gains on equity were exempt from tax, now you will have to pay 10% tax on gains exceeding Rs1 lakh a year. We answer three questions on LTCG and tax on the gains.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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