LTCG Tax applies to the tax levied on an investment in the case of any equity-related shares (equity mutual funds or stocks).
If an equity mutual fund or bond purchase is withdrawn after one year, the owner must pay a 10% tax on the profits.
To put it another way, 10% of the earnings must be collected in taxes. The capital invested is not included in this figure.
A individual is not allowed to pay taxes if they do not make any gains or profits.
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