LTCG on Sale of Equity Shares bought before 01-02-2018

• October 28, 2019
• CA Chandan Agarwal's Office

Equity investors had a long tax holiday as the capital gains were not taxed and were exempt under section 10 (38) until assessment year 2018-19.

But Capital Gains on sale of equity shares in a listed company or unit of an equity oriented mutual fund (hereafter both are referred to as shares in this article ) held for more than a year becomes taxable from Assessment Year 2019-20. The charging section is 112 A read along with section 55(ii) (ac).

Read more on: https://taxguru.in/income-tax/ltcg-sale-equity-shares-bought-01-02-2018.html