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Mihir

Mihir Tanna  |798 Answers  |Ask -

Tax Expert - Answered on Feb 15, 2023

Mihir Tanna has more than 10 years of experience in direct taxation, including filing income tax returns.
He regularly represents clients before the income tax authorities including the commissioner of income tax (appeal).... more
Asked by Anonymous - Feb 01, 2023Hindi
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Money

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

Ans: LTCG and STCG on listed shares will be taxed on special rate. Thus, old and new tax regime slab rate will not be applicable.

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).
For old tax regime it is same as earlier Rs 12,500/- (if taxable income is less than 5 lacs).
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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my husband died when my son is12.5yrs. he was fond ofcricket and after my sons birth he trained him my son is now 15 he is spineer and play verywell. secondly after my son sbirth he always with my son because he left job and taken vrs. i m single mother now. my son didnot cry cry when he dead nor whenever i talked withhim he didnot want to discuss about him . he irritate. and never from his side he talked about his papa. why i didnot understand. and what to do so that he will talk about his papa. iknow he has verygood memories with him he alawys pamper my son when he was alive. suggest what to do
Ans: Dear Shobha,
I am truly sorry for your loss...Loss of a loved one is one of the toughest phases in anyone's life!
Also, you must understand that each of us have a different way of dealing and coping with loss. Your son possibly feels more comfortable masking his sadness and not talking about how much he misses having his father around. Since you say that he has good memories of his father, spend time with him not discussing his father but actually playing on those memories and keeping those happy memories alive. Since, they bonded over cricket, talk more about that with him and how his father would have been proud of him now. Someday, when he is ready to talk about his father, he will...give him time and replay the good times as a family and especially cricket with his father.
The only time you need to be concerned is when he starts to show any signs of withdrawal from life in general...since you haven't mentioned this, I assume that your son is fine and is just not willing to discuss his father. Let him be...each of us process grief differently. Just bond with him as a caring mother that you are...that will keep him safe and stable.

All the best!
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Samraat

Samraat Jadhav  |1579 Answers  |Ask -

Stock Market Expert - Answered on Mar 29, 2024

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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