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Q: Several Budget proposals, including the reintroduction of the tax on long-term capital gains (LTCG) exceeding __ from the sale of shares, will kick in from 01st April 2018, the beginning of the 2018-19 financial year.

  • 1
    1 lakh
  • 2
    2 lakhs
  • 3
    3 lakhs
  • 4
    4 lakhs
  • Show Answer
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Answer : 1. "1 lakh"
Explanation :

Answer: A) 1 lakh Explanation: Several Budget proposals, including the reintroduction of the tax on long-term capital gains (LTCG) exceeding 1 lakh from the sale of shares, will kick in from 01st April 2018, the beginning of the 2018-19 financial year.

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