Capital gains tax: Tax on long-term capital gains

Tax on long-term capital gains . 112. (1) Where the total income of an assessee includes any income, arising from the transfer of a long-term capital asset, which is chargeable under the head " Capital gains ", the tax payable by the assessee on the total income shall be the aggregate of,— Capital gains tax is the tax you pay on the profit made from selling a capital asset, and understanding it can make a huge difference in how much of your earnings you actually retain. These assets are generally classified as short-term or long-term based on the holding period and taxed differently. Long-Term Capital Gains (LTCG): Get a comprehensive overview of capital gains tax , including the types of gains , applicable tax rates and how to benefit from tax exemptions and deductions. Get a comprehensive overview of capital gains tax , including the types of gains , applicable tax rates and how to benefit from tax exemptions and deductions.