send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
The term ‘Long-Term Capital Gains or LTCG Tax’ is sometimes seen in the news. With reference to this, consider the following statements:
1. In case of equity shares, long-term capital gains refers to the gains made on stocks held for more than 3 years.
2. Currently, there is no formal taxation system for securities transaction in India.
Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Both the statements are incorrect.
It is the tax paid on profit generated by an asset such as real estate, shares or share-oriented products held for a particular time-frame. The definition of Long-term Capital Gains, or LTCG, is different for various products.
In case of equity shares, it refers to the gains made on stocks held for more than one year.
Tax levied on stock market trades is currently known as securities transaction tax (STT) which was introduced in 2004.
Report error
Access to prime resources