₹1 lakh exemption on LTCG from equity shares and mutual funds

Income Tax Income from Capital Gains
1

I would like to know whether the Exemption Limit of Rs. One Lakh is separately of Shares and Mutual Funds. Which means Total Two Lakhs - One Lakh on Shares and One Lakh on MF.

Or only One Lakh on both combined together.

Thanks for your support

2

Hey @Raj_Kumar1,

The ₹1 lakh exemption limit is applicable to your total long-term capital gains from equity shares and mutual funds combined.

Hope this clarified.

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3

Dear Surbhi

Understood. Thanks for your support

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