Effective 1 April, your equity mutual funds and direct equity investments will attract 10% long-term capital gains (LTCG) tax on gains exceeding Rs1 lakh a year. Although many financial experts say that the impact on retail investors won’t be much (it could be a dent for high networth individuals though), how does one calculate the LTCG? Help is at hand.
Computer Age Management Services (Cams; one of the largest registrar and transfer agents of the Rs22 trillion Indian mutual fund industry) is giving two statements.
