What is the tax rate for long-term capital gains on listed equity shares in India?
Practice Questions
1 question
Q1
What is the tax rate for long-term capital gains on listed equity shares in India?
10%
15%
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The tax rate for long-term capital gains on listed equity shares in India is 10%.
Questions & Step-by-step Solutions
1 item
Q
Q: What is the tax rate for long-term capital gains on listed equity shares in India?
Solution: The tax rate for long-term capital gains on listed equity shares in India is 10%.
Steps: 4
Step 1: Understand what long-term capital gains are. These are profits made from selling an asset that you have held for more than one year.
Step 2: Identify the type of asset. In this case, we are talking about listed equity shares, which are shares of companies that are traded on stock exchanges.
Step 3: Know the tax implications. In India, if you sell listed equity shares after holding them for more than one year, the profit is considered a long-term capital gain.
Step 4: Find out the tax rate. The tax rate for long-term capital gains on listed equity shares in India is 10%.
