Question

    What is the maximum tenor for LongTerm Capital Gains (LTCG) on listed securities in India?

    A 1 year Correct Answer Incorrect Answer
    B 2 years Correct Answer Incorrect Answer
    C 3 years Correct Answer Incorrect Answer
    D 5 years Correct Answer Incorrect Answer
    E 10 years Correct Answer Incorrect Answer

    Solution

    LongTerm Capital Gains (LTCG) on listed securities in India are applicable for gains on assets held for more than 1 year. Gains are taxed at 10% if they exceed ₹1 lakh in a financial year.

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