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How Long term capital gain is applied on stocks and mutual funds - Budget 2018
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How Long term capital gain is applied on stocks and mutual funds - Budget 2018

Please note - NO TAX on gains from sale of shares and mutual fund units to I lakh rupees from 2018-19

Here's how the new long-term capital gains tax regime will work for individuals selling equity or equity MF units.

The following examples will explain how the long-term capital gains (LTCG) will be calculated if your profit is above Rs 1 lakh from stocks and mutual funds.

Escape window 1:
If you sell your equity or equity MF units (held for more than one year) before 31.3.2018, you can still claim tax exemption on long term capital gains from these. The new tax regime for LTCG is effective for transactions done from April 1, 2018

Escape window 2:
LTCG on these instruments realised after 31.3.2018 by an individual will remain tax exempt up to Rs 1 lakh per annum i.e. the new LTCG tax of 10% would be levied only on LTCG of an individual exceeding Rs 1 lakh in one fiscal. For example, if your LTCG is Rs 1,30,000 in FY2018-19 from these two instruments then only Rs 30,000 will face the new LTCG tax

If you sell after 31.3.2018 the LTCG will be taxed as follows:

LTCG tax calculated as per the new regime proposed in Budget 2018