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May 16, 2024 · Sale of: - Listed Equity shares (If STT has been paid on purchase and sale of such shares) - units of equity oriented mutual fund (If STT has been paid on sale of such units) 10% over and above Rs 1 lakh. Others. 20%. Short-term capital gains tax (STCG) When Securities Transaction Tax (STT) is not applicable.
May 16, 2024 · Short-term capital gains are taxable at 15%. Calculation of short-term capital gain = Sale price minus Expenses on Sale minus the Purchase price. Let's take a look at an example of STCG tax: In October 2015, Kuldeep Singh paid Rs.38,750 for 250 shares of a publicly traded firm at a price of Rs.155 a share.
May 10, 2024 · Cost basis = $100 (10 shares @ $10 each) + $10 (purchase and sale fees @ $5 each) = $110 profits = $150 - $110 = $40. So in this example, you'd pay taxes on the $40 in profits, not the entire $150 ...
May 3, 2024 · For individuals with a capital gain of more than $250,000, they will be taxed on 66.67% of the gain as income—up from the current 50% rate, according to Budget 2024. This inclusion rate change ...
May 21, 2024 · In such cases, NRIs face a tax rate of 15%, and there's a corresponding TDS at the same rate. For investments held longer than 12 months, they are categorized as long-term capital gains. The tax rate applied here is 10%, but this is only on gains exceeding ₹1 lakh. Moreover, there's a TDS deduction at 10% from these long-term capital gains.
May 23, 2024 · Here's how to do it online through the Income Tax department portal: Step-by-Step Guide: Step 1: Visit the official ITD (Income Tax Department) website and log in with your credentials. Step 2: Go to "e-File" > "Income Tax Returns" > "File Income Tax Returns." Step 3: Choose the assessment year, your filing status, and the appropriate ITR form ...
May 2, 2024 · The Plus Valía tax, alongside capital gains tax in Spain, is one of the local taxes that property sellers in Spain must often contend with. Levied by municipal councils, this tax is calculated based on the increased value of the property from the time it was purchased to the time of sale. The calculation takes into account several factors: the ...
