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Tax on long term capital gain is Charged at 20%

However, tax on long term capital gain is 10% in case of Non Residents and Foreign Companies

  • Transfer of Shares of Unlisted Securities
  • Transfer of Shares of Company (other than company in which Company is Substantially interested (New Amendment)

Note:-

If a Individual has some other Income apart from Capital Gain Income, it will be taxed as per Normal rates

However Benfit of Income tax Slab Rate will also be available.

Example

Suppose Other Income is 100000 and Long Term Capital Gain Income is 220000,Total Income=320000

No tax will be charged for income till  250000

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.