LTCGain is10% is on 1 lakh investment or 1lakh dividend, interest,in one year?

Forums Capital Gains LTCGain is10% is on 1 lakh investment or 1lakh dividend, interest,in one year?

LTCGain is10% is on 1 lakh investment or 1lakh dividend, interest,in one year?

80DDB deduction on which disease or any kind of illness.

Asked By: Anonymous 1 replies 0 helpful answers Last Updated: 10 months, 1 week ago
  • Anonymous

    80DDB deduction on which disease or any kind of illness.

  • Profile photo of Chetan ChandakChetan Chandak
    Moderator

    80DDB covers below disease

    Neurological Diseases where the disability level has been certified to be of 40% and above:
    Dementia
    Dystonia Musculorum Deformans
    Motor Neuron Disease
    Ataxia
    Chorea
    Hemiballismus
    Aphasia
    Parkinsons Disease
    Malignant Cancers
    Full Blown Acquired Immuno-Deficiency Syndrome (AIDS)
    Chronic Renal failure
    Hematological disorders
    Hemophilia
    Thalassaemia

    Budget 2018 has proposed to tax Long Term Capital Gain on listed equity share/ Equity MFs if the gain amount exceeds Rs. 1 lakh for the financial year.

    Further it has also been proposed to impose a 10% dividend distribution tax on the dividend distributed by equity oriented MFs. But this tax will be paid by the fund house it self and not by you.

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