Current Affairs 2018 English- Long-term Capital Gains Tax & Top News (Feb 2nd Week)
269 views · Published 15 February 2018 · 4:25 · Indexed 10 November 2026
Channel: Jagran Josh · 2018 · Education
For latest Current Affairs http://bit.ly/CurrentAffairHindi As per Union Budget 2018, Long-term Capital Gains (LTCG) on the sale of listed securities exceeding Rs.1 lakh will be taxed at 10%. The short-term gains will be taxed at 15 percent. In a relief for the existing investors, the amount of capital gains made before January 31, 2018 will not be taxed. However, the amount of gains made after the set date will be taxed. The move has been made by the government to bring about parity as the tax exemption on this class of assets was being taken advantage of by the rich in the nation.
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