What significant change was introduced to the taxation of long-term capital gains from equity funds in 2018? Option: A 10% tax rate on long-term capital gains above Rs. 1 Lakh was introduced under Section 112A, Indexation benefits were extended to equity fund investments, Long-term capital gains tax was abolished for all equity funds, Section 10(38) was introduced, exempting long-term capital gains from tax

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What significant change was introduced to the taxation of long-term capital gains from equity funds in 2018?

A 10% tax rate on long-term capital gains above Rs. 1 Lakh was introduced under Section 112A

Indexation benefits were extended to equity fund investments

Long-term capital gains tax was abolished for all equity funds

Section 10(38) was introduced, exempting long-term capital gains from tax

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What is the tax rate for long-term capital gains (LTCG) on equity and equity mutual funds in India?

As per the individual tax slab

15% on the entire gain

20% after indexation benefit

0% for the first Rs 1 lakh and 10% on the amount exceeding Rs 1 lakh

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What is the Long-Term Capital Gains Tax rate introduced in the 2018 Indian Union Budget?

15%

20%

25%

10%

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What is the tax rate applied to Long-Term Capital Gains (LTCG) on listed equity shares in India since April 1, 2018, if the capital gain exceeds ₹1 lakh in a fiscal year?

20%

10%

5%

15%

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What is the tax rate for Long-Term Capital Gains (LTCG) on equity mutual funds held for more than one year if the LTCG amount exceeds Rs. 1 lakh?

"10%"

"20%"

"15%"

"5%"

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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%