Short term capital gain on equity.


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Quick Summary
This discussion clarifies the tax implications for short-term capital gains on equity. For FY 2023-24, an individual with INR 4 Lakh in equity short-term capital gains and INR 20,000 in other income will have their tax liability calculated under the new tax regime. Under this regime, the tax rate on gains exceeding INR 1.20 Lakhs is 15%.

(Querist)
26 April 2024 Dear Sir,

Rina 30 female has equity short term capital gain for 4 Lakh and 20K
other income for FY 2023-24 then she have to deposit INR 60000 tax to govt on special rate @15% or there will be zero under new tax regime kindly help
thanking you!
krishna

02 May 2024 Under new tax regime tax liability will be 15% over Rs. 1.20 lakhs.

08 September 2024 Good Luck.


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