Capital gains

[Karan Bansal]

What will be my tax liability if I have just have stocks (No other income) and sell them after 1 year and get 20 Lakhs as capital gains. Will these 20 lakhs be taxed at flat 10% or they will be taxed differently?

AI Summary

Capital gains taxation: query whether long term stock gains are taxed at a flat rate or differently when sole income. Whether sale of stocks held for more than one year, producing 20 lakhs of gains as the sole source of income, attracts a flat capital gains tax rate or is subject to a different tax treatment, focusing on the taxpayer's lack of other income and the applicable tax liability on those long held stock gains.