Is there a limit on transaction for LTCG be tax free in equity ?

POSTED BY itsvibhor ON May 13, 2014 3:38 pm COMMENTS (2)

I 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

2 replies on this article “Is there a limit on transaction for LTCG be tax free in equity ?”

  1. ashalanshu says:

    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

  2. Hemanth Chandra says:

    There is no such limit

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