1. Long-Term Capital Gains Ki Definition
- Applicable Duration: Long-Term Capital Gains un gains ko kehte hain jo assets ke sale se milte hain jo 12 mahine se zyada samay ke liye rakhe gaye hain. Kuch specific assets, jaise immovable property aur bonds, ke liye holding period alag ho sakta hai (generally 24 mahine).
2. Equity Shares aur Equity Mutual Funds ke Liye Tax Rate
- Tax Rate: Equity shares aur equity mutual funds se milne wale LTCG par 10% tax lagta hai (indexation benefit ke bina) un gains par jo ₹1 lakh se zyada hain per financial year.
- Exemption: ₹1 lakh tak ke gains per financial year tax-free hain. Ye exemption har individual taxpayer ke liye applicable hai.
3. Dusre Assets ke Liye Tax Rate
- Dusre Assets: Equity shares aur equity mutual funds ke alawa, jaise real estate, debt mutual funds, aur bonds, ke LTCG par 20% tax lagta hai indexation benefits ke sath. Indexation se asset ke cost of acquisition ko inflation ke hisaab se adjust kiya jata hai, jo taxable gain ko reduce karta hai.
4. Indexation Benefit
- Indexation Kya Hai: Indexation asset ki cost of acquisition ko inflation ke liye adjust karta hai, jo taxable capital gains ko kam karne mein madad karta hai.
- Applicable: Indexation benefits non-equity assets (real estate, debt mutual funds, etc.) par available hain.
5. Grandfathering Provision
- Grandfathering Clause: January 31, 2018 tak ke gains tax-free hain. January 31, 2018 ke din ki fair market value ya actual cost ko cost of acquisition ke roop mein consider kiya jata hai LTCG calculate karte waqt.
6. Reporting aur Compliance
- Reporting: LTCG ko apni income tax return (ITR) mein relevant financial year ke liye report karna hota hai.
- Compliance: Investors ko assets ke purchase price, sale price, aur holding period ke proper documentation aur records rakhna chahiye taaki accurate reporting aur compliance ensure kiya ja sake.
2024 mein bhi Long-Term Capital Gains tax rules wahi hain jo 2020 ke baad se effective hain. Equity shares aur equity mutual funds se LTCG par ₹1 lakh tak exempt hain aur ₹1 lakh se zyada par 10% tax lagta hai (indexation ke bina). Dusre assets par 20% tax lagta hai indexation benefits ke sath. Grandfathering provision ke tehat January 31, 2018 tak ke gains tax-free hain. Proper documentation aur reporting zaroori hai taaki tax compliance maintain kiya ja sake.
Disclaimer- This article is for educational purposes only. Do not invest your hard-earned money without consulting your financial advisor and conducting your analysis.
