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Capital Gain Tax On Sale of Shares After 1st April 2018

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Capital Gain Tax On Sale of Shares After 1st April 2018

Long-term capital gain tax proposed by the Central Government on equity holdings will be applicable to the profits that will be acquired through the sale of shares after April 1, 2018. This information is given by the central government itself.

Capital Gain Tax will be applicable to the sale of shares on or after April 1, but the capital gain calculated on the basis of which it was priced at the time of purchase of the stock and on January 31, the maximum value of the market will be based on the maximum . Let us tell you that Finance Minister Arun Jaitley had announced the long-term capital gains tax on the profits of the sale of shares in the budget of 2018-19, which would be applicable to the profits derived from the sale of shares. In the budget of fiscal year 2018-19, a tax of 10 per cent has been imposed on long term capital gain of more than Rs 1 lakh, from April 1, although no tax will be levied on all profits till January 31, 2018.

What is capital gain Tax?

Any gain or profit which is obtained through the sale of a capital asset (capital asset) is called Capital Gain. On this gain or profit, tax liability is made in that year when the property transaction is done. However capital gains tax does not apply to parental assets. Because in such cases the sale is not included but the properties are transferred. However, if a person sells such property which he has received parental. Then he will have to pay a capital gains tax on it.

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