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Samkit Maniar |180 Answers |Ask -Follow

Tax Expert - Answered on May 27, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more

Question by Prakash on Apr 03, 2024Hindi

Money

What is the tax rate for Short Term and Long Term Capital Gain Tax on Shares, Pls advise

Ans: Short term - 15% on listed shares and 10% on long term listed shares.

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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How taxed short term capital gain & long term capital gain from share market & mutual fund?

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

Ans: Hi,
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Asked by Anonymous - Jul 31, 2024Hindi

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For Rs.50 lakhs long term capital gain in equity, how much income tax to be paid? 12.5% or 30%? I am a retired person with no other income?

Ans: As per Budget Proposals-2024, for the F/Y 2024.25, you may opt any of the following Options :
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Asked by Anonymous - Dec 31, 2024Hindi

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My short term capital gains listed shares and equity mutual funds is Rs 3,00,000 and salary 1,80,000 Total 4,80,000 From 1-4-24 to 31-3-25 How much tax I have to pay I am 52 years Mohan Satpal

Ans: Your income is below 7 lacs and gross tax liability will be 16380. Under new tax regime, you are eligible for rebate upto 25000. However matter is litigative. As per recent judicial decisions, rebate is available even against income taxable as per provisions of 111A.

Accordingly, in my view, tax liability will be Zero

You can calculate tax liability from income tax calculator available at https://eportal.incometax.gov.in/iec/foservices/#/TaxCalc/calculator

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Sir, My Niece got 97.5 in Jee mains 2025, can she get CSE in which NIT , pls suggest sir.

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Sir I got 96 percentile in jee mains 2025 ..I belong to jharkhand Can I get nit jamshedpur civil engineering.... Also I am a obc ncl candidate...

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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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