Short term capital gain on bonds

Page no : 2

Sourav (Student) 31 July 2021

For LTCG 3 years
For STCG less than 3 years

Sunny James (Manager) 31 July 2021

what is tax rate applicable on capital gain ??

Nidhi (Chief Accountant) 31 July 2021

LTCG @ 10% and STCG @ 15% u/s 111A otherwise as per slab

1 Like

Sunny James (Manager) 31 July 2021

Is listed share capital gain exempt ?

Nidhi (Chief Accountant) 31 July 2021

LTCG on listed share are exempt up to Rs. 1 lakh u/s 112A

1 Like

Sunny James (Manager) 31 July 2021

Can I take benefit of indexation in this case ?

Nidhi (Chief Accountant) 31 July 2021

No, U can't take benifit of indexation in case.
In other case , u can like in land and building ect..If it's long term capital asset

1 Like

Sunny James (Manager) 31 July 2021

But STT is already payable on Sale of share, than Is this not a double taxation ?

Nidhi (Chief Accountant) 31 July 2021

Not STT is different than income tax.
income tax is exempt up to 1lakh on LTCG on shares, STT is payable at time of purchase and sale of shares

1 Like

Sunny James (Manager) 31 July 2021

As LTCG earlier exempt from tax and STT is payable, if now its taxable, that STT can be removed by government.

Nidhi (Chief Accountant) 31 July 2021

No, it's not removed as it's only Minor % on sale and purchase value like 0.1 %
LTCG is exempt from tax up to 1lakh which benificial for small taxpayer

1 Like

Previous Thread

Next Thread

Short term capital gain on bonds

Leave a reply

Recent Topics

Related Threads

Popular Discussion

Browse by Category

Subscribe to the latest topics :

Search Forum:

Get latest updates

Download CCI APP

Our Network Sites