Budget: Know what is long and short term capital gains tax | News – Times of India Videos


Feb 01, 2021, 08:21AM ISTSource: Mirror Now

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.

.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *