Vickybhai Patel (2 Points)
04 July 2025Hi,
For financial year 2025-26,
I have 2 scenario.
(1)
If I have STCG on Stock/Mutual Fund RS 4,00,000. No other income.
So according to slab rate 0 to 4,00,000 no tax.
Do I need to pay 0 tax?
(2)
If I have LTCG on Stock/Mutual Fund RS 5,25,000. No other income.
5,25,000 - 1,25,000(benifit of limit) = 4,00,000
Than,
according to slab rate 0 to 4,00,000 no tax
Do I need to pay 0 tax?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195708 Points)
Replied 04 July 2025
Navghan Bhoi
(Account Officer)
(33 Points)
Replied 05 July 2025
Can you explain, how to calculate it?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195708 Points)
Replied 05 July 2025
Basic exemption limit is Rs. 3 lakhs. Being no other income the Capital gains in both cases will get reduced by the basic exemption.
For Capital gains u/s. 111A & 112A the rebate under sec. 87A not eligible. So pay tax at special rates for remaining 1 lakh capital gains.
Vickybhai Patel
(2 Points)
Replied 05 July 2025
But for financial Year 2025-26 new basic examption limit is Rs. 4 lakhs still need to pay TAX. Can you explain.
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