Shares purchased Listed and Unlisted

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Daya (Querist)
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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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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05 October 2024 In the example cited above the gain of listed shares had been LT, while that of unlisted shares had been ST.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 October 2024 Good luck ....

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