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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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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?

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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

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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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