Listed equity and equity-oriented funds historically enjoyed zero long-term capital gains tax until reforms introduced a taxed regime beyond specific holding periods. Short-term gains face higher rates tuned to discourage churn.
Grandfathering clauses protected notional gains up to cut-off dates — your broker statement may be wrong; download trade logs from AMCs and reconcile purchase NAVs for shares migrated between demats.
Loss harvesting matters: set off rules pair STCL against STCG before carrying forward balances across years within statutory limits.
International equity feeder funds may be treated as debt funds for tax — do not assume Indian equity rules apply by headline category name alone.
Day-traders mixing business income and capital gains may face scrutiny; structure activity intentionally with CA guidance if scale grows.
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