LTCG ON STOCKS

KAILASH (Others) (40 Points)

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.

Reply
Follow
Share

7 Replies

G Verma (>) (147 Points)
Replied 15 June 2022

1 lakh exempt, rest 10% tax.

1 Like

Naveen Kumar (729 Points)
Replied 15 June 2022

One Lakh

1 Like

Eswar Reddy S (CFO- at NHTF) (58252 Points)
Replied 15 June 2022

Section 112A : LTCG on stocks is 10% in excess of 1lac

1 Like

sabyasachi mukherjee (26507 Points)
Replied 15 June 2022

NATURE OF ASSESSE , QUANTUM OF CAPITAL GAIN, TAX%

CA Puja Sharma (Chartered Accountant) (4914 Points)
Replied 15 June 2022

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

1 Like

Eswar Reddy S (CFO- at NHTF) (58252 Points)
Replied 15 June 2022

👍🏻👍🏻

CA Rashmi Gandhi (Chartered Accountant) (86298 Points)
Replied 15 June 2022

Category of stock is also required to know the taxability

1 Like

Start a New Discussion