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
Good luck ....
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Rental income of jointly held property
- TAX AUDIT QUESTION
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
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
