LTCG - Loss on Equity
This query is : Resolved
20 May 2025
WHILE CALCULATING LOSS ON LTCG IN EQUITY, DO I INCLUDE EXPENSES LIKE INTERNET BILL, BROKERAGE, STAMP DUTY, SEBI TRANSACTION CHARGES, GST, ETC... TO ARRIVE AT THE FINAL LOSS FIGURE?
20 May 2025
Yes, eligible except internet bill..
21 May 2025
1. SIMILARLY, WHILE CALCULATING PROFIT ON STCG IN EQUITY, DO I INCLUDE EXPENSES LIKE INTERNET BILL, BROKERAGE, STAMP DUTY, SEBI TRANSACTION CHARGES, GST, ETC... TO ARRIVE AT THE FINAL PROFITS FIGURE?
2. WHETHER THE BONUS SHARES 26 NOS WIPRO RECEIVED in December last BE TREATED AS DIVIDEND OR HOW?
2. WHETHER THE BONUS SHARES 26 NOS WIPRO RECEIVED in December last BE TREATED AS DIVIDEND OR HOW?
21 May 2025
1. Yes, as said above.
2. It cannot be treated as dividend. It is an asset acquired at ZERO cost.
2. It cannot be treated as dividend. It is an asset acquired at ZERO cost.
21 May 2025
You are welcome.
21 May 2025
Sir, if my wife made capital gains of Rs. 1.90 Lacs after indexation @20% this FY on apartment sale, and her total income is below 5 Lacs. Is she liable for any LTCG tax or income tax? she will become senior citizen this coming August2025
21 May 2025
Only income upto Rs. 3 lakhs will be exempt. Anything above will be taxable.
21 May 2025
If total income is up to 3 lacs then she does not have to pay LTCG tax?
21 May 2025
Correct, under new regime....
22 May 2025
Sir, I m sorry . I got confuse here. My wife LTCG income is Rs.9 lacs after 20% indexation she will be senior citizen in August 2025. The income from FD and savings will be about Rs.1 lakh. so does she pay income tax and LTCG tax both?
22 May 2025
She will have to pay 20% LTCG over 7 lakhs...
22 May 2025
Rebate is not eligible for Capital gains when taxed at special rates.
26 May 2025
It is for slab rate, not for specified rates.
02 June 2025
Sir, if I limit my total income up to 12 lacs in the new regime, including 9 lacs LTCG for FY25- 26. I am turning a senior citizen in August 2025. What will be my tax liability
15 August 2025
12.5% over 9 lakhs (after deduction of standard deduction, if applicable).
28 September 2025
Good luck.....
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