WebCost inflation index number for FY 2024-24 (AY 2024-25) used for LTCG calculation notified by CBDT Ø The Central Board of Direct Taxes (CBDT) has notified the cost inflation index (CII) number ... Web1 day ago · The government took away the benefits of LTCG and indexation available to debt and non-equity schemes. You have to keep these things in mind while deciding on your overseas investments. The government is unlikely to increase the overall limit available to mutual funds soon. Also, even if it allows, you may end up paying higher taxes on these …
Understanding LTCG and STCG on your equity investments..
WebJan 6, 2024 · The last financial year saw the re-introduction of long term capital gains (LTCG) tax on equities. Now, any realised gain from equities over and above Rs 1 lakh in a … WebFeb 8, 2024 · Share denote “Equity Shares” Gain in every situation mentioned hereinunder are in nature of LTCG Share are sold on Recognised Stock Exchange The status of the … official time to the second
New Mutual Fund rules getting applicable from 1 April 2024.
WebFor example while other assets have to pay tax on LTCG at 20% after considering indexation, in case of equities LTCG is entirely tax free. That means if you bought equity shares today and sold it after 12 months then the entire capital gains made by you is entirely tax-free in your hands irrespective of the quantum of capital gains made by you. WebAs of now, Indian taxpayers would have to efficiently calculate LTCG that arises from the sale of both equity mutual funds and equity shares to file their income tax returns or ITR. … WebDec 8, 2024 · Any long term capital gain on equity shares or equity oriented funds will be taxable at a rate of 10%. However, LTCG up to Rs 1 lakh will be tax free. The lower rate of … myer ben sherman shorts