Total Income 460000
Capital Gain (Shares) 50000
Is income taxable
1. under new tax regime
2. old tax regime
(FY:2022-23)
(i.e exempt ltcg (upto 1 lakh) should be added to income or not under new or old regime)
Menu
Tax Liability-ltcg
Replies (5)
Quick Summary
Capital gain Long term or short term.
Not taxable under both regime, when shares sold were hold more than one year.
Yes, the deduction available in both regime.
That is ok. but short term or long term.
it is long term capital gain in equities.
Now if it is within 1 lac no tax liability.
But if it is in excess of 1 lac. tax at the rate 10% in excess of 1 lac.
But if it is in excess of 1 lac. tax at the rate 10% in excess of 1 lac.
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
