Short term Capital Gain- on sale of shares
This query is : Resolved
05 December 2024
How much short term capital gain is tax-exempted on sale of Listed shares? If we have nil taxable income and having some short term capital gain is short term gain is taxable?
05 December 2024
As such there is no exemption limit, but if your aggregate income except capital gains is less then the basic exemption limit, the to that extent tax liability over the STCG is reduced.
E.g. Say, your basic income is 1 lakh and STCG is 2.50 lakhs, then under new regime your taxable STCG would be 0.50 L.
E.g. Say, your basic income is 1 lakh and STCG is 2.50 lakhs, then under new regime your taxable STCG would be 0.50 L.
06 December 2024
If a person having salary income of Rs. 450000 and short term Capital gain from share sale is Rs. 50000. Is all short term gain will be taxable or exempt.
06 December 2024
It will be taxable. No rebate applies over the STCG.
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