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.

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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

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Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 15 June 2022

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

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sabyasachi mukherjee (27732 Points)
Replied 15 June 2022

NATURE OF ASSESSE , QUANTUM OF CAPITAL GAIN, TAX%

CA Puja Sharma (Chartered Accountant) (5010 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) (58275 Points)
Replied 15 June 2022

👍🏻👍🏻

CA Rashmi Gandhi (Chartered Accountant) (86461 Points)
Replied 15 June 2022

Category of stock is also required to know the taxability

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