For LTCG 3 years
For STCG less than 3 years
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Short term capital gain on bonds
Quick Summary
what is tax rate applicable on capital gain ??
LTCG @ 10% and STCG @ 15% u/s 111A otherwise as per slab
Is listed share capital gain exempt ?
LTCG on listed share are exempt up to Rs. 1 lakh u/s 112A
Can I take benefit of indexation in this case ?
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
In other case , u can like in land and building ect..If it's long term capital asset
But STT is already payable on Sale of share, than Is this not a double taxation ?
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
income tax is exempt up to 1lakh on LTCG on shares, STT is payable at time of purchase and sale of shares
As LTCG earlier exempt from tax and STT is payable, if now its taxable, that STT can be removed by government.
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
LTCG is exempt from tax up to 1lakh which benificial for small taxpayer
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