💨 Abstract

The article discusses tax implications for private market investments, focusing on capital gains tax in the private market. The tax is divided into long-term and short-term capital gains, with the former being applicable when an investor holds unlisted stocks for more than two years. As per the current tax law, LTCG exceeding Rs. lakh in a financial year is subject to a 10% tax rate, but this will increase to 12.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖