LTCG ON STOCKS

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40 Points Posted on 15 June 2022

What is tax free limit on LTCG for FY 2021-22 .  Is LTCG added to total income if not what will be tax rate slab for LTCG from stocks only.

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On 15 June 2022 at 13:13 Report
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This discussion clarifies the tax treatment of Long Term Capital Gains (LTCG) on stocks for FY 2021-22. Gains up to £1 lakh are exempt from tax. Any LTCG exceeding this threshold is taxed at a rate of 10%, as per Section 112A. The category of stock may also influence taxability.

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151 Points Posted on 15 June 2022

1 lakh exempt, rest 10% tax.

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On 15 June 2022 at 13:32
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729 Points Posted on 15 June 2022
One Lakh
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On 15 June 2022 at 13:43
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CFO- at NHTF
58280 Points Posted on 15 June 2022
Section 112A : LTCG on stocks is 10% in excess of 1lac
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On 15 June 2022 at 15:00
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Profession
28271 Points Posted on 15 June 2022
NATURE OF ASSESSE , QUANTUM OF CAPITAL GAIN, TAX%
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On 15 June 2022 at 16:09
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Chartered Accountant
5010 Points Posted on 15 June 2022

LTCG up to 1 Lakhs is exempted. Above that limit, the rate of tax is 10%. 

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On 15 June 2022 at 17:20
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CFO- at NHTF
58280 Points Posted on 15 June 2022
👍🏻👍🏻
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On 15 June 2022 at 17:54
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Chartered Accountant
86505 Points Posted on 15 June 2022
Category of stock is also required to know the taxability
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On 15 June 2022 at 21:12

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