Queries

Homebuying From Share Profits Liable For LTCG Meenakshi Iyer, Cochin I had invested in shares 30 years ago and they  have appreciated in value now. I want to liquidate them and buy a house with the amount realised. Will I have to pay long-term capital gains (LTCG) tax on the shares even if I use the money to buy a house upfront, without taking a loan? Starting from April 1, 2018, the sale of shares and equity mutual funds, if held for one year or more, attracts LTCG tax at a flat rate of 10 per cent over and above Rs 1 lakh of capital gains. This change in tax rules was proposed in Budget 2018 and enacted later. That said, if you were already holding your investments in equity shares and equity mutual funds on January 31, 2018, you will not be required to pay tax on the entire capital gains. Capital gains accrued till January 31, 2018 will be...