Dear Investor Good News For You Over 80% Stocks See No LTCG Tax After Sub-Zero Return.
The reintroduction of long-term capital gains (LTCG) tax for listed equities had little impact in 2018 with Bloomberg data showing 862 out of the 1,058 stocks of BSE Allcap index turned negative returns since January 31, 2018 benchmark date for capital gains calculation. The deep correction in the mid- and small-cap stocks left investors with little capital gains from over 80 per cent of the shares.
HIGHLIGHTS
·
Bloomberg data shows 862 out of the 1,058 stocks of BSE Allcap index
turned negative returns since January 31, 2018
·
Investors who choose to sell these 862 stocks at the current market
prices will not have to shell out a single penny on LTCG tax
· The LTCG tax was reintroduced in the FY19
Union Budget to shore up tax collection.
Investors who choose to sell these 862 stocks at
the current market price ..
On the other hand, if an investor is selling shares held for less than a year, short-term capital gains tax at 15 per cent is applicable.
On the other hand, if an investor is selling shares held for less than a year, short-term capital gains tax at 15 per cent is applicable.
