How tax is calculate on Capital Gains Income

 

 

Hello!

I'am new to this forum i have some questions please clear my doubts

 

 

I have viewed this example https://cleartax.in/s/capital-gains-income

 

 


If we brought any item 5 lakhs and we sold  for 10 lakhs and for example fees is 1 lakh( fees is not correct but taken as example)

and it is less then 3 years and how it is calculated....? i mean how much tax we should pay.....?

 

How much percentage we should pay like 10% or 15%.

 

When Tax is applicable on capital gains i mean for example like above 4 lakhs or 3 lakhs or .....?

 

 

Thanks!

 

 

 

 

 

 

 

 

Replies (5)
Quick Summary
This discussion explores how capital gains tax is calculated, particularly for assets like Bitcoin held for over three years. The original poster sought clarification on tax percentages and thresholds based on a hypothetical sale. Subsequent responses advised seeking professional advice from a CA and clarified that 'any item' can be a capital asset. The conversation also touched upon the disclosure of crypto holdings in tax returns.

query not clear !!

please elaborate

nature of capital assets , POH and transaction in proper way .  

Sir meet with CA or otherwise disclose all material information with this regard

Nature of capital assets is bitcoins long term gains....

Any item means


is it a capital asset....

Should i disclose my bitcoin holdings in itr or should i disclose only when i sold those bitcoins and earned profits so that i can pay the long term capital gains right or should i also disclose every year the bitcoins holdings.....? Thanks!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details