Tax Query: Is Withdrawal from NPS Tier II Equity Fund Taxable as LTCG?
Is withdrawal from NPS Tier II equity fund taxable as long-term capital gains (LTCG) at 12.5 per cent when held for more than one year or as income from other sources at slab rates? Murli Krishnamurthy Under the Income‑tax Act, 2025, units held in an NPS Tier II constitute capital assets, and gains arising on withdrawal are chargeable to tax…
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