WebMar 31, 2024 · The STCG for the sale of these equity shares is Rs. 40,000 (500000-460000). The applicable tax rate on this STCG is 15%. Therefore, the tax payable is Rs. 6,000. The tax rate applicable for STCG on shares. As discussed above, STCG is taxed at a flat rate of 15%. WebJul 7, 2024 · Taxation of equity shares is easy – if the shares are sold after a year, any capital gains arising from such sale are taxed at 10% after crossing a threshold of Rs1 lakh. Shares sold in a year or less are taxed at a flat rate of 15%. But this taxation is applicable for listed shares. What if you hold shares in a company that is unlisted?
What Is Short-Term Capital Gains Tax on Sale of Shares?
WebMar 13, 2024 · The formula is Sale Price - Cost Basis = Capital Gain. For example, suppose you purchased 100 shares of stock for $1 each for a total value of $100. After three months, the stock price rises to $5 per share, making your investment worth $500. If you sell the stock at this point, you will have made a profit of $400. WebMar 4, 2024 · Computation of Tax on STCG on Shares: If an equity share listed on a stock exchange is sold within a year after the acquisition, the seller may realise a short-term capital gain (STCG) or suffer a short-term capital loss (STCL). When the selling price is more than the purchase price, the seller makes a short-term capital gain profit. the test case season 2 watch online free
Calculation of Short-Term Capital Gains Tax on Different Assets
WebFeb 21, 2024 · Long term capital gains tax (LTCG Tax) Long term capital gains are taxed at a flat rate of 20% Though STCG and LTCG are taxed at the above-mentioned rates, in the case of equity and debt-related investments, the tax rates and rules are different. Here is how equity and debt fund investments are taxed –. Type of fund. WebOct 18, 2024 · Illustration on Calculation of Period of Holding. Mr Arun purchased gold on 23rd September 2024 for Rs 1,20,000. He sold it on 2nd July 2024 for Rs 1,37,000. ... Assets other than shares/units like STCG on sale of immovable property, gold, silver, etc. Tax Rate for STCG. Type of STCG: Tax Rate: STCG covered under section 111A: Income tax Laws do not allow any deduction under section 80C to 80U from the short term capital gains referred to section 111A. However, the investor can claim such deduction on short term capital gains other than … See more Gains from equity shares listed on a recognised stock exchange having a holding period of less than 12 months are considered as short term capital gains. Section 111A is … See more If you are an Indian resident as per income tax and your total income post various deductions is lower than the basic exemption limit, then you are entitled to set off your short … See more the test case season 1 watch online free