LTCG on shares applicable to HUFs as well
Premium
Share Via
Read Full Story
I am the karta of a Hindu Undivided Family (HUF). I have been filing my tax returns regularly. In FY20, the HUF made ₹18,000 in long-term capital gains (LTCG) by selling listed shares of a company. The LTCG was calculated using the fair market value as on 31 January 2018 as per income tax rules. Do HUFs get the same benefit as an individual, where ₹1 lakh LTCG arising due to equity does not attract any tax?
—B.B. Deshmukh
Premium
Jeff Bezos shares note from a couple who bought 2 shares of Amazon in 1997. Read full text here