Meaning
LTCG refers to the profit earned from selling an asset held for an extended period.Definition
LTCG (Long-Term Capital Gain) is the profit realized from the sale of a capital asset, like property, shares, or mutual funds, that has been held for more than a specified duration.Key Conditions
The asset must be held for a period exceeding the short-term threshold (e.g., 12, 24, or 36 months, depending on the asset type).Tax Treatment
LTCG is typically subject to a special, often lower, tax rate compared to short-term gains or regular income, sometimes with indexation benefits or specific exemptions.Author
