Surcharge on long term cap gain
This query is : Resolved
Quick Summary
25 March 2025
if income is :-
1 lakh income from other sources
2 lakh short term cap.gain from sale of equity share via listed exchange
49 lakh long term cap.gain from sale of equity share via listed exchange
----
52 lakh total income
how tax will be in (new regime for individual below 60 years) because, Long term cap.gain will be sepserately taxed at 12.5% plus surch + cess, right?
also, what is order to absorb within basic limit? 1st short term then long term righT?
my view:-
there will be surcharge but confused, as non-long term cap. gain is less than 50 lakhs.
(strangely,tax calculator after logging in income tax efiling is not showing quick links).
1 lakh income from other sources
2 lakh short term cap.gain from sale of equity share via listed exchange
49 lakh long term cap.gain from sale of equity share via listed exchange
----
52 lakh total income
how tax will be in (new regime for individual below 60 years) because, Long term cap.gain will be sepserately taxed at 12.5% plus surch + cess, right?
also, what is order to absorb within basic limit? 1st short term then long term righT?
my view:-
there will be surcharge but confused, as non-long term cap. gain is less than 50 lakhs.
(strangely,tax calculator after logging in income tax efiling is not showing quick links).
Dhirajlal Rambhia
(Expert)
25 March 2025
STCG will be absorbed by basic exemption limit.
No surcharge applicable in this case.
No surcharge applicable in this case.
Dhirajlal Rambhia
(Expert)
30 September 2025
Good luck....
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