Showing posts with label budget2018. Show all posts
Showing posts with label budget2018. Show all posts

07 February 2018

Long Term Capital Gains Tax On Equity: 10 points


1. Long term capital gains mean gains arising from the transfer of long-term capital asset. The Finance Bill, 2018 proposes to provide for a new long-term capital gains tax regime for the following assets: Equity Shares in a company listed on a recognized stock exchange; Unit of an equity oriented fund; and Unit of a business trust. The proposed tax applies to the above assets, if the assets are held for a minimum period of twelve months from the date of acquisition; and the Securities Transaction Tax (STT) is paid at the time of transfer. However, in the case of equity shares acquired after 1.10.2004, STT is required to be paid even at the time of acquisition (subject to notified exemptions).
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