What is your Yearly profit from equity ?
Total Number of Votes :
Poll has expired, here are the final results
Is longterm gain in equity is taxable ?
- 9456
- 125
-
- Last Comment
I have earn 3.47L profit in last 3.7 years ... what if i sell and book profit ?
it will come under taxation ?
somewhere i read : Individuals are not liable to earn any tax deduction under Section 80C to 80U from long-term capital gains tax in India. The entire profited amount will qualify for taxable income and will be charged a flat 20% tax under long-term capital gain.
- Groups
-
Finance
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
https://www.desidime.com/comments/permalink/9848389
OFF topic. Which itr do we need to file to show LTCG for Salaried ?
https://www.desidime.com/comments/permalink/9859470
What is clubbing of income. In case of husband income invested in wife demat account?
https://www.desidime.com/comments/permalink/9864458
not sure.. i think you can create a new thread for this ...
View 1
more reply
https://www.desidime.com/comments/permalink/9911537
If Income from salary is 4.8 lakh after all deductions under old regime and i am eligible for rebate under 87A. I do not have to pay any taxes.
Suppose there is LTCG of 90K.
Still i am eligible for tax rebate under 87A or now my slab exceed the exception of 5 lakh and i need to pay tax on the amount exceeding 2.5 lakh?
https://www.desidime.com/comments/permalink/9972249
Let's say I bought MF of 5L last year and will sell at 8L this year, so profit is 3L and ltcg will be 10% i.e. 30k
How much extra I need to pay for surcharge and cess apart from 30K?
I didn't find any article explaining these hidden charges
https://www.desidime.com/comments/permalink/9972278
If the 3L is all ltcg(has to be equity mf and bought over a year ago atleast),
1L is exempt for taxes
So only 2L is taxable.
10% of 2L = 20k.
You have pay 4% cess on 20k.
4% of 20k = 800.
So 20k + 800 = 20800.
That's it. There is no surcharge.
1L is exempt for taxes
So only 2L is taxable.
10% of 2L = 20k.
You have pay 4% cess on 20k.
4% of 20k = 800.
So 20k + 800 = 20800.
That's it. There is no surcharge.
View 1
more reply
Click here to reply
Reply
https://groww.in/p/long-term-capital-gain-tax-o...
Long-Term Capital Gains (LTCG) on shares and equity-oriented mutual funds in India are taxed at a 10% rate (plus surcharge and cess) if they reach Rs. 1 lakh in a fiscal year. LTCG is defined as profits on the sale of shares or equity-oriented mutual funds held for more than a year.
Securities other than the ones mentioned in Section 112A are also subject to taxation. The following table demonstrates the nature of a long term capital gain tax on shares in India and other securities.
Particulars
Applicable Tax Clause
Sale of listed shares on recognised stock exchanges and Mutual Funds for which STT has been paid.
10% tax for gain amounts exceeding Rs. 1 Lakh.
Sale of bonds, debentures, shares, and other listed securities on which STT has not been paid.
10%
Sale of debt-oriented Mutual Funds
With indexation -20%
Without indexation – 10%
LTCG on equity @ 10% above Rs 1 lakh.
If you wanna save tax, instead of booking the entire profit this year, book upto Rs 1 lakh this year, and another lakh next year.
Profit hua toh bhi govt ka fayda nahi hua toh bhi..govt ke dono haath me ladoo
Mehnat karke paise kamao, dimag lagake Darr Darr ke invest karo , profit hua toh govt muft me baithe baithe khayega and badle me humko kya milta hai