LONG TERM CAPITAL GAINS TAX:
There was no change made in the existing provisions in the Budget 2008.

INVESTMENT

DEFINITION OF “LONG TERM”

LONG TERM CAPITAL GAINS TAX RATE
(inclusive of surcharge and education cess)

Equity

1 Year

Nil

Equity oriented Mutual Funds

1 Year

Nil

Debt Oriented Mutual Funds

1 Year

11.33% with indexation or 22.66 %
without indexation [...]

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Certain cities in India gradually developed into renowned seats of learning. The most important among them was Taxila also known as Takshashila. It was situated about 20 miles from Rawalpindi and was the capital of the province of Gandhara. It was founded by King Bharata who named it after his son Taksha. We know very [...]

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