Capital Gains Tax

  • In Budget 2019, Long Term Capital Gains (LTCG) from sale of housing property has been exempted from tax if capital gains are invested in a startup. To facilitate this, the Sunset Clause has been extended till 31st March, 2021.
  • The tax levied on the profit or gain earned on selling capital assets is called capital gains tax.
  • Depending on the holding period, capital gains tax can be Long term Capital Gains Tax (LTCG) or Short term Capital Gains Tax (STCG).

Basic Facts

  • Capital Gain Tax: Capital gain is the profit that arises from the sale of a capital asset. ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy March 2020 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Indian Economy & Socio-economic Development