Decoding the new Long Term Capital Gains Tax on Equities

Until financial year 2017-18, Long Term Capital GainĀ (LTCG) tax on equity or equity oriented mutual funds was Nil, i.e. if investors sold their shares or equity oriented mutual fund units after holding them for more than a year, they paid zero LTCG tax. All the gains (no matter the amount) were theirs to keep without […]