30 March 2018

Long term capital gains tax to come into effect from 01st April

Long term capital gains tax to come into effect from 01st April


Several Budget proposals, including the reintroduction of the tax on long-term capital gains (LTCG) exceeding Rs 1 lakh from the sale of shares, will kick in from 01st April 2018, the beginning of the 2018-19 financial year.

Besides, other tax proposals like the reduced corporate tax of 25 percent on businesses on a turnover of up to Rs 250 crore and a standard deduction of Rs 40,000 in lieu of transport allowance and medical reimbursement, will come into effect from 01st April 2018.

Source- The Hindu Business Line

Post a Comment

Whatsapp Button works on Mobile Device only

Start typing and press Enter to search