Day: 5 February 2018

  In Budget 2018, Finance Minister Arun Jaitley has re-introduced the Long Term Capital Gains (LTCG) tax on Stocks / Shares. What has changed? Since 2001-2005, LTCG was exempt from tax. If the investor is selling stick after 1 year (long term) , then no tax is payable on the profits made from such investment . But now, the LTCG tax on shares has been re-introduced - Investors will have to pay 10% tax on profit exceeding Rs 1 lakh made from the sale of shares or equity mutual fund schemes held for over one year. This is applicable for shares as well as equity mutual fund scheme as well.  For dividend mutual funds -  Budget has also proposed 10% dividend distribution tax on dividend declared under Equity Schemes. Currently, DDT is not applicable for equity-oriented mutual funds...