LTCG tax: Paying only 12.5% tax on Capital Gains Accounts Scheme withdrawals while filing ITR FY2024-25? Tax dept could soon raise tax demand

The Capital Gains Account Scheme is a special facility offered to taxpayers under the current income tax laws, allowing taxpayers to claim long-term capital gains (LTCG) tax exemption and defer reinvesting the gains in eligible assets.

from Tax-Wealth-Economic Times https://ift.tt/MEAwH0O