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What is the rate at which the Long term Capital Gains are charged to tax?

April 26, 2017capital gains charged rate tax term

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What is the rate at which the Long term Capital Gains are charged to tax?

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A. Long term Capital Gains are taxable specified in section 112 from the A.Y. 1993-94 onwards. Long term Capital Gains are taxable at a flat rate of 20%. In case of Long term Capital Gains covered by sections 115AB, 115AC or 115AD the applicable rate is 10%. For details on these sections you are requested to see the relevant provisions of Income Tax Act,1961.