Latest important changes in income tax. For understanding to Laymen.

How to calculate capital gain tax on shares??

Budget 2018 proposed a change in how LTCG on equity shares will be taxed. Rate of tax - 10% of gain in excess of  1 lakh (If gain is below 1 lakh, no need to pay LTCG Tax) SP > COA = Capital Gain                     SP < COA = Capital Loss (SP – Sales Price, COA – Cost of Acquisition)   Grandfathering (Meaning - Concession to Assessee because decision to purchase shares was made…

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