Shares purchased Listed and Unlisted
This query is : Resolved
05 October 2024
shares purchased Listed and unlisted on 25th December 2022 and sold it on 25th December 2023,
whether it can be :Long term capital gain or short term capital gain in both the case.
whether it can be :Long term capital gain or short term capital gain in both the case.
05 October 2024
Earlier, short-term capital gains from listed shares and equity mutual funds were taxed at 15% while long-term capital gains were taxed at 10%. Following Budget 2024, STCG will be increased to 20% from 15%. LTCG tax was also hiked to 12.5% from 10% earlier. The holding period for to classify as short-term remains unchanged at 12 months. After 12 months, the gain will be considered as long-term capital assets. The changes are effective from July 23, 2024.
05 October 2024
In the example cited above the gain of listed shares had been LT, while that of unlisted shares had been ST.
11 October 2024
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