WebMar 15, 2024 · STCG tax on stocks and equity mutual funds is 15%. Non-equity investments are taxed as per the income tax slab rate of the investor. Which means that if your tax rate is 30%, STCG tax is 30%. LTCG tax for non-equity investments is 20% with indexation. Union Budget 2024 introduced a flat 10% tax on LTCG on stocks and equity mutual funds. Web2 days ago · The income tax department has notified the cost inflation index (CII) for the current fiscal at 348 against 331 for 2024-23. A fall in CII could result in long-term capital gain liability on the sale or transfer of any capital asset, such as land, property, trademarks and patents, to be lower. Inflation indexing is allowed in the case of long ...
Proposal to introduce capital gains tax gets mixed reviews
WebMar 14, 2024 · Currently, 15 per cent tax is levied on capital gains made on sale of shares within a year of purchase. However, LTCG tax is nil for shares sold after a year of purchase till 31.03.2024 as per Budget 2024 proposals. LTCG on sale of unlisted shares is taxed at 20 per cent when indexation is applicable, while short term capital gains are taxed at ... WebApr 6, 2024 · Hence, the capital gains arising on sale of unlisted shares shall not be offset against the brought forward house property loss and the long term capital gains of Rs 3 lakh shall be charged to tax at the rate of 20% + surcharge + cess after providing the benefit of indexation. I have been paying interest on a home loan since June 2016 ... rich valley landscaping
How to calculate income tax on stock market gains along with …
WebJan 12, 2024 · The unlisted shares (other than debt mutual funds) or securities of an Indian company, if held for more than 24 months, are classified as long term capital gain (LTCG) assets. However, the tax ... WebPay 10% Capital Gains Tax instead of the normal rates if you sell shares in a trading company that you work for and have at least 5% of the shares and voting rights (known … WebSep 4, 2024 · “The long term capital gains from unlisted shares are taxed at 20 per cent u/s 112 of the IT Act after claiming the benefit of indexation whereas the short term … red scar cream