There are no tax liabilities on long-term capital gains from shares & equity mutual funds...
12-Mar-2013 •Research Desk
I have recently booked some profits from shares and mutual funds. Will I face any tax liabilities?
- Vikas Gaurav
There won't be any tax liabilities if you’ve held the investments for more than 1 year. Long-term capital gains from equity are tax-free in the hands of the investor. As long as the redemption proceeds are STT charged, there will be no tax to be paid.