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Sep 13, 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).
Aug 20, 2024 · Discover Long-Term Capital Gains (LTCG): Tax Rates, Calculation Methods, Exemptions, and Practical Examples. Explore how to calculate gains, exemptions under the Income Tax Act, and more.
Sep 10, 2024 · Capital Gain Tax in India is the tax imposed by the government on the profit earned from the sale of certain assets, such as stocks, bonds, real estate, or other investments. This tax applies to both individuals and businesses.
Capital gain is denoted as the net profit that an investor makes after selling a capital asset exceeding the price of purchase. The entire value earned from selling a capital asset is considered as taxable income. To be eligible for taxation during a financial year, the transfer of a capital asset should take place in the previous fiscal year.
Sep 16, 2024 · The capital gains indexation calculator helps investors with long-term gains save on taxes, allows the taxpayer to inflate the purchase price of the asset by considering the impact of inflation and also calculate the taxable gain by considering the sale price.
1 day ago · Calculation of tax is dependent upon the type of capital gain. Calculation of tax on short-term capital gains is simpler than that on long-term gains. For short-term gains, the gain is added to the total income and then the Income Tax is calculated based on the tax bracket that you fall in.
Nov 7, 2024 · Capital Gains Tax in India applies to the profit earned from selling capital assets like property, stocks, bonds, and investments. These gains are categorised into Short-Term (STCG) or Long-Term Capital Gains (LTCG) based on how long the assets were held.
4 days ago · As mentioned above, when you gain profits from the sale of capital assets, there are tax implications. This is called capital gains tax. Now, based on the time period you hold on to these assets, there can be two types of applicable capital gains tax: Short-term capital gains tax.
Capital gains are charged from the year the transaction was made even if the money was not received in that particular year. In certain cases where the capital asset is also the property of the taxpayer, the acquisition cost and the improvement cost of the previous owner will also be included.
Sep 10, 2024 · Short-term capital gains on shares are subject to a 15% long term capital gain tax rate. If you sell equity shares listed on a stock exchange after holding them for more than 12 months, you may either realize a long-term capital gain (LTCG) or a long-term capital loss (LTCL).
