Calculating long-term capital gains tricky, service providers can help

For the first time, equity investors will have to declare details of stocks and mutual funds sold in their income tax returns. And calculating the gains/losses is a tricky process, and quite different from other instruments. It is especially complicated if you have received bonus shares or a systematic withdrawal plan (SWP) in a mutual fund. In the previous financial year (FY 2018-19), the government started imposing a 10 per cent long-term capital gains tax (LTCG) on sale of listed stocks and equity mutual funds after one year. While capital gains of Rs 1 lakh are tax-free, any amount a.....

Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.