Tax liability for Short term capital gain from shares with no other income in HUF a/c

I have made short term capial gain of Rs 280000 from sale of shares in July, 2024 in my HUF account . I donot have any other income in this account . What will be my tax liability for this income?

Replies (3)
Quick Summary
This discussion addresses the tax liability for a Hindu Undivided Family (HUF) account that realised a short-term capital gain of Rs 280,000 from selling shares. The user inquired about the tax implications, specifically noting no other income in the account. The consensus suggests nil tax liability under the new regime for resident Indians. The conversation also briefly touches upon the different tax treatment for NRIs.

Nil tax liability under new regime.        

Thank you so much . What would have been Tax Liability if this account was NRI / NRO ?

For NRI it will be taxable, not for resident Indian.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details