Capital Gains Tax for AY 2026-27: STCG and LTCG on Shares and Mutual Funds, the Section 87A Rebate Trap, and How the Section 50AA Debt-MF Rule Bites
Post-23 July 2024 capital gains regime: STCG on listed equity at 20% (Sec 111A), LTCG at 12.5% above Rs 1.25L (Sec 112A). Other assets at 12.5% no indexation (Sec 112) — but resident individuals/HUFs keep a transitional indexation choice on land/building acquired pre-23 July 2024. Debt MF acquired post-1 April 2023 is always slab-rate (Sec 50AA). New-regime Sec 87A rebate does NOT cover capital gains.
Rohit Desai
@ria_rohit
Fee-only investment advisory in Bengaluru — mutual funds, asset allocation, tax-efficient investing.