In recent post, discussed on reverting the LTCG tax on long term investments. This post we will discuss an expected announcement of reverting LTCG tax on mutual funds investment which would make “Mutual funds investors happy:)” . In Budget 2018, with the withdrawal of Sec 10(38), there is a proposal of a parallel introduction of Section 112A to tax LTCG ...
In 2018 budget, indian finance minister announced Long Term Capital Gain(LTCG) Tax. It is not new to indian market, it was there till 2004 and reintroduced again in 2018. Let us discuss first what is LTCG Tax. LTCG tax is tax on profit we earn from stock market or mutual funds. The investment is more than 1 year, the earning ...