It needs to be remembered that LTCG on equity funds were tax free till March 31st 2018. It is only from April 01st 2018 onwards that LTCG on equity funds are being taxed at a flat rate of 10%. There will be a basic exemption available of Rs. 1 lakh and any profits above that during a financial year will be taxed at a flat rate of 10%. By flat it means there will be no indexation benefit irrespective of holding period. Short term capital gains on equity funds will continue to be taxed at the old rate of 15% and there is no change on that front. Check out the table below:

Particulars

Individuals / HUF

Domestic Companies

NRIs

Equity Oriented Schemes

ยท Long Term > 12 months | Short Term < 12 months

Long Term Capital Gains (LTCG) up to Rs. 1 lakh in a year

Nil

Nil

Nil

Long Term Capital Gains (LTCG) beyond Rs.1 lakh in a year

10%

10%

10%

Short Term Capital Gains (STCG)

15%

15%

15%