WebApr 10, 2024 · If you invested Rs 10 lakh in a stock today and made an STCG of Rs 3 lakh within 1 year of holding, you would have a net gain of Rs 13 lakh. Your short-term capital … WebIncome from capital gains is classified as “Short Term Capital Gains” and “Long Term Capital Gains”. In this part you can gain knowledge about the provisions relating to tax ... ExchangeBoard of India Act, 1992 will always be treated as capital asset, hence, ... will be charged to tax as business income and not as capital gains.
How to Set off and Carry Forward Capital Losses - ClearTax
WebFeb 22, 2024 · Tax rate: In general, the tax applicable on long term capital gains is (20% + surcharge + cess) as applicable Special cases for taxation: 10% is levied on the total … WebIf you have incurred a long term capital loss on selling shares or equity mutual fund units after 31.3.2024 then you can set them off against any LTCG. As profits/gains on long term shares or equity funds are now taxable in excess of Rs.1 lakh. Also, you can carry forward these losses for setting off in later years up to 8 assessment years. employer contribution to pension
Tax on Sale of Property by Non Resident Indian (NRI) - TaxGuru
WebMay 12, 2024 · As per Section 112A of the IT Act, LTCG only above the threshold limit of INR 1 lakh is subjected to tax at a rate of 10% on transfer of certain specified capital assets as discussed earlier.... WebJan 11, 2024 · Tax on long term capital gains should be charged at 5 per cent (instead of 20 per cent), in cases where the total income, including such long term capital gain is more than the basic exemption limit of Rs. 2.5 lakh but less than Rs. 5 lakh. About the Author Lubna Kably Lubna Kably is a senior editor, who focuses on various policies and legislation. Web4 hours ago · Corporate bond funds - which combines high credit quality, reasonable interest rates and moderate possibility of capital gains 3. Long duration funds - which could generate capital gains and ... drawing a world