NRIKosh
Back to Glossary
Tax

LTCG (Long Term Capital Gains)

Gain from selling an asset held for more than a specified period (24 months for property). Taxed at a special rate (20% for property).

This is a simplified definition for general understanding. For specific legal or tax application, please consult a professional.

Related Terms

Capital GainsSTCG (Short Term Capital Gains)TDS (Tax Deducted at Source)PAN (Permanent Account Number)