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Anil Rego |388 Answers |Ask -Follow

Financial Planner - Answered on Nov 18, 2021

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more

Question by M on Nov 18, 2021Hindi

Money

Can you clarify whether a person opting for the new tax regime (ie concessional or lower rates of tax) is eligible to claim the Rs 1 lakh exemption for long term capital gain on shares?

Ans: Yes, you can claim the exemption of Rs 1 lakh on long term capital gains under the new regime.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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is LTCG (Exemption of 1Lac and lower Tax) and STCG lower tax on Listed Shares available in the new tax regime ?

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Difference will be for rebate avialable u/s 87ARs. Tax Rebate of 25,000 or the amount of tax payable (whichever is lower) is available under new tax regime as per Budget proposal of FY 23 24 (if taxable income is less than 7 lacs).
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I'm a salaried person with CTC close to Rs. 40L & my investments are much above the exempted tax benefit. Which one will be beneficial for me, is the new tax regime or the old regime?

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Under the proposed new tax scheme, is the figure of Rs. 7 Lakhs inclusive of LTCG from sale of shares and mutual funds? Meaning, if one has regular income of 5,50,000 p.a. from pension, FD interest, etc and a capital gain of 1,50,000 from sale of equity - total amounting to Rs. 7 lakh, will his tax liability be nil or what will be his tax liability?

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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