2018 long term capital gains tax brackets

#2018 long term capital gains tax brackets free#

Short-term capital gains covered under section 111A.

Short-term capital gains (STCG) are divided into 2 types: Period of holding to be considered as 24 months instead of 36 months in case of unlisted shares of a company or an immovable property being land or building or both.Īny other capital asset held by the taxpayer for a period of not more than 36 months immediately preceding the date of its transfer will be treated as short-term capital asset.ĢB. In respect of certain assets like shares (equity or preference) which are listed in a recognised stock exchange in India (listing of shares is not mandatory if transfer of such shares took place on or before July 10, 2014), units of equity oriented mutual funds, listed securities like debentures and Government securities, Units of UTI and Zero Coupon Bonds, the period of holding to be considered is 12 months instead of 36 months. Period of holding for short term capital gains: more on How GOLD help you afloat in a turbulent economy and its tax impactĢA.

#2018 long term capital gains tax brackets free#

Sovereign Gold Bond Scheme issued by RBI are 100% tax free at the time of redemption.Gold Deposit Bonds issued under the Gold Deposit Scheme 1999 or deposit certificates issued under the Gold Monetisation Scheme, 2015.

Specified Gold Bonds : 6 1/2 per cent Gold Bonds, 1977 or 7 per cent Gold Bonds, 1980 or National Defence Gold Bonds, 1980 issued by the Central Government.

Refer When to consider Agriculture Land as Capital Asset? to know more. Population is to be considered according to the figures of last preceding census of which relevant figures have been published before the first day of the year.

Not being more than 8 KMs, if population of such area is more than 10 lakhs.

Not being more than 6 KMs, if population of such area is more than 1 lakh but not exceeding 10 lakhs, or.

Not being more than 2 KMs, if population of such area is more than 10,000 but not exceeding 1 lakh.

Within range of following distance measured aerially from the local limits of any municipality or cantonment board:.

Within jurisdiction of municipality, notified area committee, town area committee, cantonment board and which have a population of not less than 10,000.

Rural Agricultural Land : Agricultural Land in India, not being a land situated:.

Precious or semi-precious stones, whether or not set in any furniture, utensil or other article or worked or sewn into any wearing apparel.

Ornaments made of gold, silver, platinum or any other precious metal or any alloy containing one or more of such precious metals, whether or not containing any precious or semi-precious stones, and whether or not worked or sewn into any wearing apparel.

Personal effects, that is, movable property (including wearing apparel and furniture) held for personal use by the taxpayer or any member of his family dependent on him, but excludes.

Stock in Trade: Any stock-in-trade (other than securities referred to in (b) above), consumable stores or raw materials held for the purposes of his business or profession.

The following items are excluded from the definition of 'capital asset':

ULIP (Unit linked insurance policy) issued on or after whose premium or aggregate payable exceeds Rs 2.5 lakhs in any of the previous years during the term of such policy.

Any securities held by a FII which has invested in such securities in accordance with the regulations made under the SEBI Act, 1992.

Any kind of property held by an assesse, whether or not connected with business or profession of the assessee.