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Jun 27, 2024 · Such capital gains are taxable in the year in which the transfer of the capital asset takes place. This is called capital gains tax. There are two types of Capital Gains: short-term capital gains (STCG) and long-term capital gains (LTCG).
3 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.
1 day ago · When shares are sold one year after purchase, the gains earned amounting to ₹1 lakh and above are taxed as per the provision of long term capital gains. The rate of tax is 10 percent without ...
2 days ago · Here's how Budget 2024 can simplify capital gains tax for investors. Benchmarks . Nifty 24,105.20-36.75. ... Method of computation of taxable capital gains and tax rates applicable Taxable capital gains are computed by reducing the cost of acquisition from sale consideration of the capital asset. With regard to the method of computation of taxable capital gains, the income-tax law provides for indexation of the cost of acquisition in relation to certain long-term capital assets based on Cost ...
3 days ago · Short-Term Capital Gains (STCG) on listed shares and equity-oriented mutual funds are subject to a concessional rate of 15%. Other assets ( such as real estate, land, unlisted shares, etc.): STCG is taxed at normal slab rates applicable to the taxpayer. Short-term Capital Gain Tax on Shares.
Aug 1, 2023 · Rates of tax on capital gains: 1. Short Term Capital Gains. 2. Long Term Capital Gains.
Jun 12, 2024 · Articles > What is Capital Gains Tax? Last updated: Wed Jun 12 2024. The tax laws in India are very comprehensive. There are different sections and provisions in the Indian Tax Act that define taxation policy on different types of income. One such tax is capital gain tax levied on capital gains made by individuals.
The short-term capital gains would attract a tax at the rate of 15% of the investor decides to sell it within a year. A long-term Mutual Funds capital gains tax would be charged 10% on profits exceeding Rs. 1 Lakh generated through equity-oriented funds and shares.
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 the...
