http://atelierstcg.liveauctiongroup.com/ WebJun 30, 2024 · Based on the holding duration, capital profit could be classified into Long term Capital Gain Tax, or Short term Capital Gain Tax. LTCG is 10% for equity-based mutual funds and 20% for real estate’s indexation, mutual funds, and other crucial assets. LTCG is free from any sort of indexation benefits concerning equities/equity mutual funds.
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WebMay 4, 2024 · STCG Tax on Debt Funds in India is applicable when the debt funds are held for less than 36 months. If the debt funds are held for more than 36 months, it will be considered a long-term investment and LTCG tax will be levied. STCG can be calculated by subtracting the cost of acquisition from the sale price of the asset. Mutual Fund Gains WebTax rates on LTCG/STCG: STCG is taxable at a concessional rate of 15% on transfer of certain capital assets and with respect to LTCG, NRIs can take benefit of exemption up to 1 lakh on Indian equities and beyond that the gains will be taxable @ 10% without any indexation benefit. 3. Tax on capital gains earned by non-residents: a few ... northern lights oakdale ca
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WebCase 3: A person with net regular income of Rs 1,50,000, STCG of Rs. 50,000 and LTCG of 2,80,000. As the income is less than basic exemption limit, we can adjust part of our LTCG against the limit. A resident individual can adjust the LTCG but such adjustment is possible only after making adjustment of other income. WebJun 4, 2024 · Hello, I’m a little confused in taxation related to short term and long term capital gain tax from equity and debt n other securities. Equity related STCG is taxed at 15% even if your tax slab is different %. Here, say if my total income from business is 4L and STCG profit is 1L. Then total taxable income will be 5L? In which 1.5L will be taxed @ 5% … WebDec 30, 2024 · Under the existing Indian laws, if the owner purchases a property and sells it within two years of its acquisition, the profit generated would be taxed as STCG. Long … northern lights nyc april 1st