top of page
We have tried to create a simple summary for the capital gains on commonly held securities. Bear in mind that this is just for reference and there may be additional conditions/ provisions for each asset type.
For tax implications on foreign stocks, click here.
Points to Remember:
-
STT paid on sale of shares is not an allowable deduction.
-
Long term capital gains tax exemption benefit is limited to Equity shares and Equity oriented mutual funds.
-
Capital gains on shares is calculated on the first-in-first out basis (FIFO).
Anchor 1
bottom of page