How is income tax changes on holdings ?

As a general rule, there are 2 type of taxes applicable on holdings:

Long term capital gain : where the holding period is more than 1 year. There is no tax on Long term capital gain below the amount of 1 lakh. If a seller makes LTCG of more than 1 lakh on sale of equity shares, capital gain tax will be 10%.

Short term capital gain: where the holding period is lesser than 1 year, the capital gain tax will be 15%.

Kindly consult your tax profession for personalized advice. The above content is just for information purposes.

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