WebMar 14, 2024 · Long-term capital gains taxation on the sale of mutual funds. In India, Long-Term Capital Gains (LTCG) on the sale of equity mutual funds are taxed at 10% if the … WebMar 16, 2024 · LTCG – 8 Crores. Net LTCG – 3 crores taxable @ 20% u/s 112, instead of paying tax on entire 10 crores of gains. 2) Say, IPL LLP during the FY 2024-20, a) Purchased and Sold certain listed shares and incurred STCL of 10 Crores ; b) Sold a property for Rs.20 Crores, and earned LTCG of Rs.12 Crore.
How to save tax on long term capital gains on sale of property
WebFeb 9, 2024 · To save more on your long-term capital gains, you need to plan your taxes right. Here’s how to do it. The Budget in 2024 has brought the focus back on Long-Term Capital Gains (LTCG). If you didn’t know, LTCG on equities that is more than Rs. 1 lakh will be taxed at 10% from the next financial year 2024-19. This applies to both shares and ... WebMar 5, 2024 · Tax on LTCG. Earlier, you could calculate capital gains tax without indexation. However, in the Union Budget FY 2014-15, this taxation was removed. Now, you will need to pay LTCG at the rate of 20% with indexation benefits. Taking the above example used to calculate LTCG, let us now find out what the total tax payable will be. deadlift pics
Ltcg tax: Budget 2024: Are there any changes announced in LTCG, …
WebApr 11, 2024 · The Finance Act 2024 removed the benefit of long-term capital gain (LTCG) tax for debt mutual funds. In the absence of a clear communication from the finance … WebJan 7, 2024 · As per Section 112A of the Income Tax Act, 1961, equity investors must pay LTCG tax at 10% if their capital gains exceed Rs. 1 lakh in one financial year. However, … WebJan 31, 2024 · Tax on LTCG from Gold Sales. With indexation advantages, the tax rate on long-term profits from selling actual gold is 20.8% (including cess). In other words, after … genealogy of jesus scripture