POSTED BY May 13, 2014 3:38 pm COMMENTS (2)
ONI understand that Long term capital gain for equity (shares) held beyond 12 months in nil, but is there a limit on the value of the transaction? For eg, I buy shares worth Rs 1L & sell them after 3 years for Rs 20L (profit 19L) – Am I liable to pay any tax?
Thanks
Vyom
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Dear Vyom, as per current tax rules, there is no limit. What may happen in future, we can not say if Govt. change the rules itself.
Thanks
Ashal
There is no such limit