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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LTCG ON STOCKS
Replies (7)
Quick Summary
1 lakh exempt, rest 10% tax.
One Lakh
Section 112A : LTCG on stocks is 10% in excess of 1lac
NATURE OF ASSESSE , QUANTUM OF CAPITAL GAIN, TAX%
LTCG up to 1 Lakhs is exempted. Above that limit, the rate of tax is 10%.
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Category of stock is also required to know the taxability
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