Rate for capital gain


This query is : Resolved 

Quick Summary
This discussion clarifies capital gains tax rates for a proprietor whose income tax limit has been exceeded. For equity, short-term capital gains (STCG) are taxed at 15%, and long-term capital gains (LTCG) are taxed at 10% after a £1 lakh exemption. Futures & Options (F&O) and intraday trading profits are taxed at the individual's slab rate, with F&O falling under speculative business.

(Querist)
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,

19 August 2023 Equity: STCG 15% & LTCG 10% (after 1 lakh exemption)

F&O at slab rate.

vaibhav (Querist)
19 August 2023 Thank u for your valuable reply, one more thing for intraday there is same as F & O?

19 August 2023 Yes, rate of tax remains same as slab rate. Only difference is, it comes under speculative business.

10 September 2024 Good Luck.


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