Iceberg Tax: Impact on LTCG will be more than 10 per cent - News Summed Up

Iceberg Tax: Impact on LTCG will be more than 10 per cent


You might resent this tax or you may console yourself that it's at least a lot less than the 30% income tax slab you are on. If that's what you think, you may be getting ahead of yourself.This tax could cost you a lot more than 10%. There are three ways of reducing this massive hidden impact of the capital gains tax.don't buy and sell frequently. It would save Rs 10,000 a year, which would of course compound in the future.There are other side effects of this tax too. All things considered, the introduction of even a 10% tax gives investors a lot to understand and adjust.


Source: Economic Times February 01, 2018 18:00 UTC



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