All of us have invested in various spaces either in mutual funds, fixed deposits, gold, real estate, or shares. Depending on where we invest, we are taxed according to the profits or returns we make in those investments. Since the profit is counted as our income we will be taxed as per our tax slabs. In this year’s budget, it is expected that long term capital gains tax could be removed. If this happens, that means if you hold on to your equity investments over a year then you won’t have to pay any tax.