Search results
Jun 27, 2024 · Capital Gains Tax: Any profit or gain that arises from the sale of a ‘capital asset’ is a capital gain. This gain is charged to tax in the year in which the transfer of the capital asset takes place. Know about LTCG and STCG assets, calculation, exemption & how to save tax on agricultural land.
4 days ago · Long-Term Capital Gains (LTCG) that exceed Rs. 1 lakh in a financial year are subject to a 10% tax rate. Gains up to Rs. 1 lakh in a financial year are exempt from taxation. Other assets ( such as real estate, land, unlisted shares, etc.): LTCG is taxed at 20% after taking the indexation benefit.
Jun 26, 2024 · All capital gains are liable to be taxed with capital gains tax. Discover what is capital gains tax, including their types, how capital gains are calculated, and applicable tax rates.
Aug 1, 2023 · Capital gains arise when there is a transfer of a capital asset, and we have discussed the meaning of a capital asset, the types of capital assets, and the period of holding that determine the nature of capital gains. The concept of transfer and transactions not regarded as transfer have also been explained.
All capital gains are liable to be taxed with capital gains tax. Check the types of capital gains tax, regulations, treatment, exemptions etc., on Groww.
Jun 26, 2024 · The sale of capital assets may lead to capital gain, which may attract tax under the Income Tax Act. To save tax on these capital gains, a few capital gains exemptions/deductions are available. Thus, one needs to plan benefits, considering all the relief available under the law.
Jun 18, 2024 · A capital gains tax is a tax imposed on the sale of an asset. The long-term capital gains tax rates for the 2023 and 2024 tax years are 0%, 15%, or 20% of the profit, depending on...
