Mam, very good explanation. One more clarification in case Equity mutual fund selling after 6 years long time gain tax means I house construction invest tax free or tax?
For land or building sales after 23rd july 2024 tax payer can choose between paying 20% tax with indexation benefit or 12.5% tax without indexation, If the property was acquired on or before 22nd July 2024.
Mam, very good explanation. One more clarification in case Equity mutual fund selling after 6 years long time gain tax means I house construction invest tax free or tax?
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But now government announced no indexation benefit. And long term capital gain tax is 12.5% only know!!!!????
For land or building sales after 23rd july 2024 tax payer can choose between paying 20% tax with indexation benefit or 12.5% tax without indexation, If the property was acquired on or before 22nd July 2024.
Is this applicable for MF/Stock LTCG as well?
No sir. 54EC capital gain bond exemption applicable only if you sold a land or building or both.