What is the minimum holding period for listed equity shares to qualify for Long Term Capital Gains (LTCG) in India?

6 months 12 months 18 months 24 months

What is the primary factor that determines whether a capital gain is considered long-term or short-term?

The type of asset The amount of profit The holding period of the asset The investor's tax bracket

According to the text, what is a key advantage of long-term capital gains over short-term capital gains?

They are always exempt from taxation They offer higher potential returns They are subject to lower tax rates They are easier to calculate

What is the term used to describe the profit earned from selling an investment for a higher price than its purchase price?

Dividend Interest Capital gain ROI

What is the purpose of indexation in the calculation of LTCG?

To adjust for inflation To simplify the calculation To reduce the tax burden To increase the potential profit

What is the current tax rate for LTCG on equity shares in India, exceeding Rs. 1 Lakh, as per the text?

0% 5% 10% 15%