Tax
LTCG
Also known as: Long Term Capital Gains
Long Term Capital Gains - Tax on profits from assets held for more than specified period.
Detailed Explanation
LTCG (Long Term Capital Gains) is the profit realized from selling assets held for more than the prescribed holding period. For equity investments, holding period is 12 months, and LTCG tax rate is 12.5% on gains above ₹1.25 lakhs annually. For debt instruments, holding period is 36 months with 20% tax rate with indexation.