Rate for capital gain
This query is : Resolved
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19 August 2023
GM,
I am an accountant in a proprietor firm, the owner has already crossed 30% limit of IT, now getting long & short term profit from Equity & FO. my question is what rate is applicable for those capital gain?
Thanks & Regards,
I am an accountant in a proprietor firm, the owner has already crossed 30% limit of IT, now getting long & short term profit from Equity & FO. my question is what rate is applicable for those capital gain?
Thanks & Regards,
Dhirajlal Rambhia
(Expert)
19 August 2023
Equity: STCG 15% & LTCG 10% (after 1 lakh exemption)
F&O at slab rate.
F&O at slab rate.
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19 August 2023
Thank u for your valuable reply, one more thing for intraday there is same as F & O?
Dhirajlal Rambhia
(Expert)
19 August 2023
Yes, rate of tax remains same as slab rate. Only difference is, it comes under speculative business.
Dhirajlal Rambhia
(Expert)
10 September 2024
Good Luck.
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