Government can put LTCG on fairness, property and gold on this price range equally

by Jeremy Spirogis
India's cleanest city for 4th consecutive time

new Delhi: The authorities is contemplating bringing a uniform framework for calculating all belongings – fairness, property and capital features of gold. According to the proposal made within the price range, the federal government can repair the Long Term Capital Gains (LTCG) tax on all properties for 24 months.

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This is usually a large step as a result of at present there’s a provision of 1 12 months LTCG on fairness, two years on property and three years LTCG on gold. <! –

                 However, will probably be a matter of whether or not the tax charges will change in LTCG.

Generally, the very best funding is seen amongst these three and because of this the calculation of the same LTCG will work to carry transparency and supply readability and ease to the traders. This step will strengthen the inventory market as the federal government can also be contemplating extending the LTCG share deadline from 12 months to 24 months.

Right now, if the home investor retains the fairness for 12 months, then he has to pay 20 % LTCG and if the skin investor retains it for 12 months, then he has to pay 10 % LTCG.

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