There are no tax liabilities on long-term capital gains from shares & equity mutual funds...
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.
This article was originally published on March 12, 2013.
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