Dear Friends and Respected Seniors,
I already read about LTCG here, but I am quite confused because rules have changed from FY 18-19.
https://economictimes.indiatimes.co...utual-funds/articleshow/70581749.cms?from=mdr
For FY 19-20, if my capital gains from equities are more than 1 lakh, then there is 10% tax on it.
But if I buy government bonds ( 54EC bonds ) of Rural Electrification Corporation Ltd for 5 years whose amount is equal to my LTGC, then LTCG will become exempt or I still have to pay 10 % tax on my profit ?
Awaiting your replies.
Thank you.
I already read about LTCG here, but I am quite confused because rules have changed from FY 18-19.
https://economictimes.indiatimes.co...utual-funds/articleshow/70581749.cms?from=mdr
For FY 19-20, if my capital gains from equities are more than 1 lakh, then there is 10% tax on it.
But if I buy government bonds ( 54EC bonds ) of Rural Electrification Corporation Ltd for 5 years whose amount is equal to my LTGC, then LTCG will become exempt or I still have to pay 10 % tax on my profit ?
Awaiting your replies.
Thank you.