
Law
What is the 'grandfathering' provision in LTCG taxation?
When LTCG tax on equities was reintroduced in Budget 2018, a grandfathering provision protected all gains accrued before January 31, 2018. The acquisition cost of equity holdings is deemed to be the higher of actual cost or the market price on January 31, 2018, shielding old gains from tax.
Taxation & Compliance

