Hi,
My query is on New Tax Regime
1. Will I be able to choose to old Tax Regime once I moved to New Regime?
2. STCG -15% & LTCG - 10% (Beyond 1 Lakh) is the tax working for Share sales capital gains, is the same still applicable in New Tax Regime?
Thanks,
Vijay
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New Tax Regime - STCG & LTCG
Replies (2)
1.) A person not having business income can move.
2. yeah same is applicable.
2. yeah same is applicable.
1. See, If a businessman already choose New Tax Regime than he have only one chance to go into Old TAx Regime.
This provision came in Budget 2023. But a salaied person can move any number of time from New to Old or Old to New regime.
2. Tax Rate on STCG OR LTCG on shares are remain same in both tax regimes.
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