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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  1. Income Tax
  2. Amendments Income Tax for May 2017 Exams
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST and Tax E-filinf training in Delhi. Register now.