Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Should I club profit from shares with my salary and other income for tax?

Vivek Lala | Answer |Ask -Follow

Tax, MF Expert - Answered on Sep 30, 2024

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more

Question by mustafa on Jul 29, 2024Hindi

Money

dear sir, is profit from shares is clubbed with my other income such as salary and other source of income or taxed differntly eg if i have profit of 5 lacs from shares , so have to pay ltcg on 5 lacs. and i also have salary income and frm other sources say eg 10 lacs. so my 10 lac will be clubbed with my 5 lac of shares profit or waht?

Ans: It is taxed differently

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.

MoneyReply

You may like to see similar questions and answers below

Mahesh Padmanabhan | Answer |Ask -Follow

Tax Expert - Answered on Feb 04, 2023

Asked by Anonymous - Feb 02, 2023Hindi

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?

Ans: Hi
The rebate of tax under section 87A is on the total income that is taxable and hence even capital gain is included for that purpose

Samraat Jadhav |2387 Answers |Ask -Follow

Stock Market Expert - Answered on Aug 16, 2024

Asked by Anonymous - Aug 15, 2024Hindi

Money

If i transfer equity shares to my wife and when she sells the stocks i undersyand that clubbing will apply and it will be taxed in my name . Now when my wife reinvests this amount and sells it again now in this scenario will clubbing of income apply or will it now be taxed under her name..

Ans: you need to transfer shares as Gift and the capital gain after selling of shares will be taxed to your wife

Samraat Jadhav |2387 Answers |Ask -Follow

Stock Market Expert - Answered on Aug 19, 2024

Question by bulk - Aug 16, 2024Hindi

Money

Thanks ..Please correct i have read in some articles that in the first scenario [ Husband gifts shares to wife and wife sells ] Clubbing will apply and income will be added to husband return and not wife . In the second scenario wise invests all the amount in equity after selling and when this is again sold will clubbing apply or now in this case it will be purely wife income for taxation with no connection to husband.

Ans: in this confusion, i would recommend you to consult your CA.

T S Khurana |496 Answers |Ask -Follow

Tax Expert - Answered on Nov 12, 2024

Question by Prem - Oct 06, 2024Hindi

Money

i have income of 2 lacs from other sources and an income of 3 lacs STGC from equities, will I get an TAX rexemption on my total income of Rs. 5 lacs or I will be taxed for STGC fully or on its portion, I am a senior citizen 7- years

Ans: 01. You should file your ITR under new tax regime to minimize your tax liability.
02. Since you have STCG so your tax liability would be there. Under Old regime, you may get a maximum tax rebate of Rs.12,500.00 only. Where as in new regime your tax liability will be comparatively less.
Most welcome for any further clarifications. Thanks.

T S Khurana |496 Answers |Ask -Follow

Tax Expert - Answered on Oct 15, 2024

Question by Umesh - Oct 15, 2024Hindi

Money

Sir, My annual income in I T return after deduction is only 1.5 lakhs due to bank intrest. Now i sold 300 shares which we purchased way back in 1996. LTCG is rs.3 lakhs after waiver of rs 1.25 lacs. With this my annual income is still below taxable limit as per I T norms Do I have to pay any LTCG tax ?

Ans: 01. As per details provided of the Income, your total Income is not below Taxable Limits & you shall pay tax, as per calculations.
02. However, you should also check tax calculations as per new regime. This is not possible for me, since you have mentioned your annual income after deductions.
Most welcome for any further clarifications. Thanks.
02.

Latest Questions

Ashwini Dasgupta |114 Answers |Ask -Follow

Personality Development Expert, Career Coach - Answered on Jul 18, 2025

Asked by Anonymous - Apr 17, 2025Hindi

Career

My co-worker brings their cat to work because there is no one to take care of it at home. Since ours is a young team, no one objected it at first. But unlike dogs, this cat can't be tamed. It is moody and its presence distracts me at work. I don't know if I am overreacting. How do I tell this to my colleague? Should I complain or stay mum?

Ans: Dear Sir/ Madam,

No you are not overreacting. You may try the following-

Have a one to one conversation preferably in a meeting room. during the discussion focus on how it is affecting your work and not on cat alone.

Suggest alternatives- for example- check if the organization has any pet policies, keep a designated place for the pet etc

If things dont improve then involve your manager and seek his help. Don't raise it as an complaint instead request for better work conditions.

Importantly be respectful and dont make a gossip discussion for people to support you. Instead respect the pet and the pet owner and keep the work environment healthy.

Hope thi helps

Thanks
Ashwini Dasgupta
Maverick Minds
www.ashwinidasgupta.com

Dr Nagarajan J S K |1894 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jul 18, 2025

Asked by Anonymous - Jul 18, 2025Hindi

Career

Sir I got 70k rank in comedk can I get ece or ete or any electrical related branch in dsce,bit banglore, rnsit, cmrit,smvit in last round of comedk

Ans: HI
SHARE THE CATEGORY DETAILS.

Dr Nagarajan J S K |1894 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jul 18, 2025

Asked by Anonymous - Jul 16, 2025Hindi

Career

Sir my kcet rank is 4285 and comedk is 4610. Can I get PES rr campus ece? Also what are my chances to get rvce ece as well in cet counselling and comedk also

Ans: HI,
There are good chances to secure a good engineering seat, potentially including your preferred branch.
Actively participate in the counseling process to achieve the goal.

BEST WISHES.

Dr Nagarajan J S K |1894 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jul 18, 2025

Asked by Anonymous - Jul 17, 2025Hindi

Career

Sir ive got 29500 comedk rank and ive seen the cutoff round 3 in official comedk website . For dsce EEE the cutoff was around 50,000 . Is that true? Can i consider it? Please suggest me tomorrow counselling starts. If not please tell me the other options. please sir

Ans: Hi
Bit difficult.
Do participate in the counseling for the updates.
BEST WISHES.

Dr Nagarajan J S K |1894 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jul 18, 2025

Question by Abc - Jul 17, 2025Hindi

Career

Sir what options will be best for me in CSAB round as I got a crl rank of 9110 in general and male category with homestate maharashtra

Ans: HI
Bit difficult.

Dr Nagarajan J S K |1894 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jul 18, 2025

Asked by Anonymous - Jul 17, 2025Hindi

Career

Meri daughter ka jee advanced me 5600 ki rank h phir bhi selection nahi hua mai sc caste se hu please tell me

Ans: HI SIR,
SHE MIGHT HAVE OPTED FOR HIGHLY COMPETITIVE BRANCHES.
.

Dr Nagarajan J S K |1894 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jul 18, 2025

Question by oveya.s - Jul 18, 2025Hindi

Career

My cut is 186 from tamilnadu can i get mi

Ans: HI OVEYA. S
You have provided insufficient information to predict or suggest. So kindly repost the query with full details.
BEST WISHES.
best wishes.

Dr Nagarajan J S K |1894 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jul 18, 2025

Question by Sharath - Jul 16, 2025Hindi

Career

"Hi, I got 61 marks in PGCET according to the released answer key. What rank can I expect? Based on that rank, which colleges am I eligible for?"

Ans: HI SHARATH,
You have provided insufficient information to predict or suggest. So kindly repost the query with full details.
best wishes.

Asked on - Jul 18, 2025 | Answered on Jul 18, 2025

Hi, I got 61 marks in PGCET Exam For MCA in Karnataka according to the released key answer. What rank can I expect? Based on that rank, which colleges am I eligible for?"

Ans: HI SHARATH,
Possibilities is there to secure a seat. Attend all rounds of counseling to explore all possible options to get the best possible college. Your category also influences securing a seat.
BEST WISHES.

Asked on - Jul 18, 2025 | Answered on Jul 18, 2025

Can I expect Ramaiah institute of technology

Ans: HI
BIT DIFFICULT.

Dr Nagarajan J S K |1894 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jul 18, 2025

Question by Aditya - Jul 17, 2025Hindi

Career

Can i get nit or iiit or good gfti at 138695 crl rank or with 20097 gen ews rank ?

Ans: HI ADITYA,
Possibility to secure a seat in less competitive branches and locations. Do participate in the counseling process for the updates.
BEST WISHES.

Dr Nagarajan J S K |1894 Answers |Ask -Follow

NEET, Medical, Pharmacy Careers - Answered on Jul 18, 2025

Question by Shifa - Jul 11, 2025Hindi

Career

I scored 91.8% in 10th and now i am in 11th preparing for neet is it a good option for me because we can see the competition in neet exam Although i am Preparing from pw online for it

Ans: Hi Dr. Shifa,

NEET is a good option after HSC (12th grade). Life is inherently competitive, so don't be afraid of it.

Reflecting back to 2020, only a few people were allowed outside their homes, and they were mainly in the health-related fields.

Now is the right time to start preparing for the NEET exam. Review both the NEET and board syllabuses, comparing them to identify similar chapters. Additionally, gather previous years' NEET exam question papers.

Make a list of questions based on the subjects. For any doubts or problems, ask your subject teachers for clarification immediately. This way, you won't encounter issues when preparing for or taking the test. With the guidance of your teachers, you can learn effective tips and strategies for your exam preparation.

This is my suggestion.

If you need any further assistance, please do not hesitate to ask.

ALL THE BEST.

See more questions »

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.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x