Payment of capital gains Tax pl

pl guide in which situation capital gains na tax to be paid and how much % ..
Replies (3)
Quick Summary
This discussion clarifies when Capital Gains Tax (CGT) is payable in the UK and the different rates that apply. It explains that CGT is a tax on profits from selling assets, with rates depending on the asset type and holding period. Short-term gains are taxed at your income slab rate, while long-term gains are generally taxed at 20% after indexation, though specific exemptions and deductions can apply.

Refer::  1.  https://cleartax.in/s/capital-gains-income

OR  2.  https://tax2win.in/guide/capital-gain-tax-in-india-ltcg-stcg

Capital gains tax is a tax levied on the profit made from the sale of an asset. The amount of capital gains tax you need to pay and the rate at which it is levied depends on the type of asset and the duration for which it was held before it was sold.

As per the Income Tax Act, 1961, capital gains are classified into two types:

Short-term capital gains (STCG): This is the profit made from the sale of an asset that has been held for less than 36 months (24 months in case of immovable property like land or building). STCG is added to the taxpayer's income and taxed at the applicable slab rate.

Long-term capital gains (LTCG): This is the profit made from the sale of an asset that has been held for 36 months or more (24 months in case of immovable property). LTCG is taxed at a flat rate of 20% (plus applicable surcharge and cess) after allowing for indexation benefit, which adjusts the purchase price for inflation.

Some important points to keep in mind while calculating capital gains tax are:

Deductions: Certain expenses incurred in the acquisition and sale of the asset, such as brokerage fees and stamp duty, can be deducted from the sale proceeds to arrive at the net sale price.

Exemptions: Certain types of assets, such as shares and mutual funds, are exempt from LTCG tax if they are sold on a recognized stock exchange and Securities Transaction Tax (STT) is paid
Long term Capital gains not taxed at 20% . It's wrong.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details