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LTCG Tax doubts on MF and Stock redemption
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Hello guys, just to make my doubt clear I'll jolt down the scenarios below. Kindly help me in understanding where LTCG tax will be applied. Since I'm saying LTCG, I mean my investment horizon is longer than 1-3 years.
- Redeemed 5 MF schemes which were giving profits of 1.5 L altogether, even though each MF scheme was giving profit below 1.25L
- Sold 10 stocks in my holdings which was giving profit of 1.5L altogether, even though each stock was giving profit below 1.25L.
- After I paid LTCG tax on my LTCG gains, do I pay a separate tax on the income because I'm in the 30% tax bracket.
Thanks in advance!
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