Capital Gains Tax?

You are here:
Estimated reading time: 1 min

The name itself tells the actual purpose of the tax. Capital gains tax is the tax that is levied by the government on the capital gains earned. When an asset is transferred between two owners and if there are any gains that the seller is gaining from the transaction, then the tax on such profit is termed as the capital gains tax.

There are in general two types of capital gains tax. They are Long term capital gains tax and short term capital gains tax. The long term capital gains tax is when the assets are owned for more than 1 year. But if the asset is sold within 1 year of purchase, then it is termed as short term gain and hence short term capital gains tax to be paid. Generally, the STCG tax is more than the LTCG tax.

Was this article helpful?
Dislike 0

Welcome Back!

Login to your account below

Create New Account!

Fill the forms below to register

Retrieve your password

Please enter your username or email address to reset your password.

Best Stock Broker In India

India’s No 1 Stock Broker with Least Brokerage and best Platforms for seamless trading. 

Free Brokerage of Delivery and Flat Brokerage on F&O, Currency. Free Mutual Funds Investing.

Best Cryptocurrency Investing Platform in India

WazirX is the Indian Currency Exchange platform that was not banned by RBI and Indians are allowed to invest without any legal challenges. 

Invest in a Number of cryptocurrencies