Individual taxpayers do not have to pay income tax on long-term capital gains (LTCG) up to Rs 1 lakh earned on the sale of equity shares or equity-oriented mutual funds. Gains from selling of equity shares and equity oriented MFs is considered long-term if it is sold after holding for 12 months or more.
Our Partner Mitesh Jain talks to Neelanjit Das from The Economic Times about the long term capital gains tax in the article “How selling equities before March 31 can help you save income tax”.
