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 :
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
Related Topics :
CAclubindia
