Long Term Capital Gain Tax Ay 2024-25

Long Term Capital Gain Tax Ay 2024-25. The capital gains you earn from equity funds are subject to capital gains tax. This rate was earlier 20% with indexation.

For listed security sec 2 (42a) of the income tax provides that the holding period to qualify the asset as long term capital asset is 12 months or more. In india, for instance, land and buildings held for more than 24 months are considered as long.