Tax on Long Term Capital Gains from Equity (LTCG)

Romeo1998

Well-Known Member
#1
Dear Friends and Respected Seniors,
I already read about LTCG here, but I am quite confused because rules have changed from FY 18-19.
https://economictimes.indiatimes.co...utual-funds/articleshow/70581749.cms?from=mdr

For FY 19-20, if my capital gains from equities are more than 1 lakh, then there is 10% tax on it.
But if I buy government bonds ( 54EC bonds ) of Rural Electrification Corporation Ltd for 5 years whose amount is equal to my LTGC, then LTCG will become exempt or I still have to pay 10 % tax on my profit ?
Awaiting your replies.
Thank you. :)
 
#2
Dear Friends and Respected Seniors,
I already read about LTCG here, but I am quite confused because rules have changed from FY 18-19.
https://economictimes.indiatimes.co...utual-funds/articleshow/70581749.cms?from=mdr

For FY 19-20, if my capital gains from equities are more than 1 lakh, then there is 10% tax on it.
But if I buy government bonds ( 54EC bonds ) of Rural Electrification Corporation Ltd for 5 years whose amount is equal to my LTGC, then LTCG will become exempt or I still have to pay 10 % tax on my profit ?
Awaiting your replies.
Thank you. :)
Presently Section 54EC bonds give exumption for LTCG arising out of real estate,land and property it does not give exumptions to LTCG arising from equity or equity oriented mutual funds...so after deducting Rs 1 lakh from LTCG on remaining gains you will have to pay capital gains tax....

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