In case of shares, if they are held for more than a year, they are considered LTCA
1 min read5 Jul 2018The tax officer can demand proof of this being a genuine claim
2 min read27 Jun 2017If you did not pay STT at the time of purchase, tax at the rate of 20% would be payable on the long term capital gain
4 min read20 Jun 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared