One of the major put-offs for regular stock market investors turned out to be the re-introduction of long term capital gains (LTCG) on the equity investments and equity mutual funds after a gap of 14 years. LTCG tax will occur when equity is sold over 1 year after purchaseĪs the new financial year has kicked off, the income tax (I-T) department's new rules, announced by Union Finance Minister Arun Jaitley on February 1 at the time of announcement of Budget, have come into force.Equity/ mutual funds will draw tax on long term capital gains. ![]() Grandfather clause implies that gains until January 31 will be exempt.
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