“ However the amount you will pay depends on how long you held onto the asset earlier than selling it.
In case the overall net sale consideration shouldn't be invested, the quantity will likely be taxable in accordance with proportionate foundation beneath the Income Tax Act of India.
The whole of your investment income is decreased by any deductions associated to investments, similar to investment curiosity expense and bills associated to rental property or royalties, to arrive at web
investment revenue. If you handle to carry onto your funding for multiple 12 months (365 days), you can benefit from a reduced tax charge in your
capital gains. 1 Lakh. One can follow the above-mentioned details to know more about taxes
on long term capital positive aspects. The tax price you will pay on capital positive factors may be decrease than the rate you will pay on different forms of earnings, equivalent to salary or
revenue from a enterprise. ”