Personal Finance & Money Asked on April 10, 2021
Which of the following is applicable to long term capital gains on Indian stocks and on foreign stocks?
a) Long-term capital gains are subject to tax at 20%;
b) Long-term capital gains arising from transfer of listed securities, units or a zero coupon bonds shall be taxable at lower of following:
i. 20% after taking benefit of indexation; or
ii. 10% without taking benefit of indexation.
c) Long-term capital gains arising to a non-residents or foreign company from transfer of unlisted securities shall be taxed at without giving benefit for indexation;
d) Long-term capital gains arising from transfer of listed equity share, or a unit of an equity oriented fund or a unit of a business trust as referred to in Section 112A shall be chargeable to tax at the rate of 10% in excess of Rs. 1 Lakh.
Indian stocks, Long term gains at 10% if the gains are more than Rs 1,00,000 in financial year.
Foreign stocks it would be taxed at the tax bracket.
Answered by Dheer on April 10, 2021
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