I’m new to investing and currently a student with no regular income. I recently started trading with a capital of ₹10 lakh and have made a short-term gain of around ₹4 lakh (from both stocks and Gold ETFs).
Could the experts please advise whether I need to pay short-term capital gains tax for the next financial year (2025–26)?
SInce you are earning short term capital gain from trading is around RS 4 lakhs ( assuming it's a listed shares ) will be taxable @ special rate of 20% u/s 111A under Income tax act 1961, provided if you have suffered a loss in same FY then you can set off with this income. otherwise you are required to pay tax @ 20% on this income.
CAclubindia
