Capital gains tax is the tax applicable on the income earned from the capital assets. The income from capital assets is taxable in Indian taxation system. Since you are asking how much is capital gain tax rate in India, I am going to share complete insights on this. I will also help you know how much is capital gains tax in India for long term capital gains and short term capital gains. Read on!
How much is the capital gain tax in India?Before knowing the tax rates in India on capital assets you must get an idea about long term capital gains and short term capital gains.
LTCG is on an asset which was in your possession for more than 24 months. However, if the asset is a movable property like jewellery, debt-oriented mutual funds etc, then the holding period should be 36 months to call it long term capital asset. Whereas STCG is calculated on assets which were held for 36 months but if capital assets like land, building and house property are held for less than 24 months then they will be counted in STCG.
Capital gain tax rate in India| Type of Capital Gain | Capital Gain Tax Rate in India |
Long term capital gain |
20% on profit |
Short term capital gain |
15% if securities transaction tax is applicable. If the securities transaction tax is not applicable: According to the income tax slab of the taxpayer |
I hope you have better clarity now.
Read more here: What is capital gain tax in India How to calculate short term capital gain tax in India How to calculate long term capital gain tax in IndiaShifting, House?
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Authors Of The Question
How much is capital gains tax in India?
Sannat Sehgal
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3 Year
2021-10-26T14:18:18+00:00 2021-10-26T19:47:11+00:00Comment
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