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LTCG TAX CALCULATION
Do you need to file ITR if you only incurred losses from equities or mutual funds? Check the detailsIndividuals earning below basic exemption limits (Rs 2.5 lakh old, Rs 4 lakh new regime) generally don't need to file ITR. However, mandato...- From Rs 6.8 lakh to Rs 4.5 lakh: Redditor explains how to save Rs 2.3 lakh in income tax in a year legallyA Redditor demonstrated significant income tax savings under the new regime by strategically restructuring their salary with components lik...
- Pay Rs 62,400 extra income tax if you are using tax harvesting with Rs 12.75 lakh salary; Here’s what to doSalaried employees may face an additional Rs 62,400 in income tax if they engage in tax harvesting with a Rs 12.75 lakh salary. This occurs...
- Use this tax-harvesting trick before March 31 to save up to Rs 15,625 by churning Rs 1.25 lakh of LTCG in your equity investmentsEquity investors can save income tax on long-term capital gains. A strategy called tax-harvesting involves selling equity investments befor...
- What is cost inflation index for LTCG tax calculation under income tax rules?If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 5...
- I-T dept clarifies acquisition cost of real estate bought before 2001 for LTCG calculationsThe Indian Taxation Service (I-T) has announced that the cost of acquisition for real estate properties purchased before 2001 will be the f...
- Gold investment to attract lower LTCG tax of 12.5% instead of 20% with indexation, holding period cut to 24 monthsBudget 2024 has reduced the holding period for capital gains on gold to qualify as long term capital gains from 36 months to 24 months and ...
- Cost inflation index for FY 2020-21 used for LTCG calculation notified by finance ministryThe Cost Inflation Index (CII) for FY 2020-21 will come into force with effect from April 1, 2021, and will accordingly apply to the assess...
- How to calculate tax liability on LTCG accrued from selling gold?An individual is required to pay tax either short term capital gains or long term capital gains accrued due to selling of financial assets ...
- Finance Ministry notifies cost inflation index for FY 2019-20 as 289This number is important as it is used to arrive at the inflation-adjusted purchasing price of assets and thereby long-term capital gains.
- ITR filing: How to calculate and report LTCG gains in ITR-2 for FY 2018-19LTCG on transactions in listed equity and equity mutual fund units in FY 2018-19 is to be calculated as per a new tax regime introduced in ...
- Cost inflation index FY 2018-19 used for LTCG calculation notified by governmentCII number is used to compute the inflation-adjusted purchase cost of an asset in order to calculate LTCG on it when it is sold.
- Filing LTCG on stocks in I-T returns to be trickyThe ITR form allows only consolidated figures instead of reporting each transaction separately.
- How to calculate long-term capital gains tax on mutual fund SIPsFrom April 1, 2018 any LTCG made on transfer of equity MFs will have to pay a 10 per cent tax on long-term gains above Rs 1 lakh per annum.
- How to calculate LTCG on equity mutual funds after re-categorisationWhen a scheme is merged, you will not be taxed on the long and short term gains you will make whenever you will sell the units. Further, me...
- LTCG tax’s impact on equity-oriented mutual fundsDividends on equity-oriented mutual funds are now taxed at 10 per cent.
- LTCG tax cloud over companies heading for mergers worries shareholdersUnder the LTCG regulations announced by finance minister Arun Jaitley in the Union Budget, all the gains till January 31will be grandfather...
- How proposed tax on long-term capital gains will be calculated for bonus, rights issue sharesAs per the FAQs on LTCG, FMV will be taken into account for the purpose of calculation of cost of acquisition to compute tax on bonus and r...
- Mutual fund advisors face tough time dealing wth LTCG tax calculationMutual fund advisors are flooded with queries from their clients about the actual computation of the new long term capital gains tax on equ...
- Long-term capital gains tax: Here’s all you need to knowThe Budget proposes that LTCG tax will have to be paid on profit booked after March 31.
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