What is the capital gains tax rate in India at present?
short term capital gains:
1) on shares: 10% now. 1.4.2008 15%
2) on mutual funds: same above
3) on property: there no fixed rate. gains added income of assessee , taxed per slab rates applicable him.
long term capital gains:
1) on shares: nil
2) on mutual funds: 10% flat or 20% indexation per choice of investor.
3) on property: 20% flat (on indexation gains)
thats question... told me short term 15%, long term 0%. true long term 0% ?
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