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Confused about Capital Gains Tax? I made 2 lacs long term and 1 lac short term with a total income of 5 lacs. What's the tax?

Anil Rego |388 Answers |Ask -Follow

Financial Planner - Answered on Jul 31, 2024

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 Venkatram on Jul 30, 2024Hindi

Money

What will be capital gains tax of long twrm 2 lacs and short term 1 lac in total incone of 5 lacs

Ans: Hi,
The information given is not sufficient to answer the question. Is the capital gain arising from equity/equity MF or Debt or real estate? Request you to send complete details so that we can answer your question better.

Best Regards,
Anil Rego,
Founder & CEO,
Right Horizons

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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