capital gains
This query is : Resolved
Pawan Kumar Sharma
(Querist)
16 July 2008
are capital gains exempt. What is the rate of tax on short term capital gains
17 July 2008
All capital gains are not exempt. Query is not specific. Rate of tax on short term capital gains may vary from assessee to assessee as the same depends on the slab by which the assessee is covered as the same is taxed like other normal income except STCG in listed securities where it is 10%.
CA. Sahendra Jaiswar
(Expert)
17 July 2008
no all capital gains are exempt.The rate of Short Term Capital gain tax is presently as follows.
10% plus surcharge, if applicable plus Education Cess & Secondary and Higher
education cess (up to A.Y. 2008-09) and
15% plus surcharge plus Education cess &
Secondary and Higher Education cess
(from A.Y. 2009-10)
10% plus surcharge, if applicable plus Education Cess & Secondary and Higher
education cess (up to A.Y. 2008-09) and
15% plus surcharge plus Education cess &
Secondary and Higher Education cess
(from A.Y. 2009-10)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
