Long-term Capital Gain – Section 2(68) | Income-tax Act, 2025 vs 1961

§ 2(68) · Income-tax Act, 2025

Long-term capital gain

ITA 2025 · 2(68) ITA 1961 · 2(29B)
Definition — Section 2(68)

Means capital gain arising from the transfer of a long-term capital asset.

Act Comparison
Income-tax Act, 2025
2(68)
Long-term capital gain
Income-tax Act, 1961
2(29B)
Long-term capital gain
Key Points
  • Maps to Section 2(29B) of the 1961 Act
  • LTCG on listed equity above ₹1.25 lakh taxed at 12.5% (post Budget 2024)
  • LTCG on other assets generally taxed at 20% with indexation
💡 Practical Note

Budget 2024 unified LTCG rates and removed indexation for most assets — a significant change that increases effective tax for long-term property sellers.

Published by Simplified Tax India — Clear, section-wise comparison of Income-tax Acts. ← Back to Section 2 Definitions Table
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