Long Term Capital Gain News

Securities Transaction Tax (STT) is imposed on both buyers and sellers in the Indian stock market. Capital loss occurs while selling an asset for less than its purchase price and can be used to offset capital gains. Both short-term and long-term losses can be carried forward for 8 years.

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The decision made by India to begin taxing returns from fixed-income mutual funds is expected to strengthen the country's lenders' efforts to attract deposits. This will help in financing a revival in the country's credit growth and increase profits. The nation scrapping tax incentives for some debt mutual funds has paved the way for banks to garner as much as $36 billion in deposits from the asset managers, according to Sunil Mehta, chief executive officer of Indian Banks’ Association, a lenders’ lobbying body. The move comes as a respite for the financiers as the widening gap between credit off-take and deposits has sparked risks of asset-liability mismatches and pushed up funding costs.

We tend to ignore the costs associated with entry, exit and the speed of the transaction

When inherited assets are sold by the inheritor, capital gains tax applies to both residents and non-residentsLong-term capital gains are taxed at 20%, excluding education cess and surcharge

Exemption from long-term capital gains on sale of shares can be sought under Section 54F of the Income-tax Act LTCG will be exempt in the same proportion that the cost of the new residential house bears to the net sale consideration

Clubbing of income does not apply for income earned on money gifted by children to their parents

LTCG is computed as sales consideration less indexed cost of acquisition less indexed cost of improvement

In case of shares, if they are held for more than a year, they are considered LTCA

Long term capital gains tax, or LTCG tax, from unlisted shares is taxed at 20.8% with indexation