Can capital gains be taxed differently in different states?
Curious about Capital Gain
In India, capital gains tax is governed by the Income Tax Act, 1961, which is a central legislation applicable across the country. The tax rates and provisions for capital gains are uniform throughout India, and there is no differentiation based on the state or region.
Therefore, capital gains are not taxed differently in different states within India. The tax liability on capital gains is determined based on the provisions of the Income Tax Act and the taxpayer's applicable tax slab rate.
It's important to note that tax laws can change over time, so it's advisable to consult with a tax professional or chartered accountant for the most uptodate information and guidance regarding capital gains tax in India.