WebIn case you are following presumptive income scheme, then you should file ITR 4 for FY 2016-17 For investors dealing in stock and showing income under capital gains as STCG/STCL, then they can file ITR 2 . ClearTax filing for traders and businesses can help you prepare your return independently. WebWhile Capital Gains are taxed according to the tax rate applicable based on the type of asset and whether they are long term or short term. To keep a track of your losses, the Income Tax Department...
Budget 2024: From long-term to short-term capital gains, here
WebJan 23, 2024 · I had a STCL of Rs.5000/- during the FY 2015-16 which was C/F to FY 2016-17/ Suppose if I have a STCG of Rs.3000/- should it be compulsarily adjusted against the above loss because in this current FY after taking into account the above STCG of Rs.3000/- my total income is coming below the taxable limit (after adjusting the deductions under … WebFeb 3, 2024 · STCG on Equity or Equity-oriented Mutual funds is Gain that we get by selling Equity or Equity-oriented Mutual funds within 1 year. We have to give 15% tax on gain including 4% CESS on Tax. If we... gantz e raw free
Income Tax Calculator AY 2024-24: Calculate Taxes for FY ... - MoneyControl
WebDec 22, 2024 · LTCG: If you hold mutual funds for more than one year, the profits will be exempt up to 1 lakh, and the rest will be taxed at 10%. STCG: If you hold mutual funds for less than one year, the profits will be taxed at 15%. Debt Mutual Fund: Mutual fund with less than 65% equity allocation. Recommended Products GEN Income Tax By SAG Infotech 0.0 WebJun 7, 2024 · Calculate STCG Tax applicable. You have to add income from other sources of Rs 50,000 to the total taxable salary thereby making it Rs 1.5 Lakh. As there is a shortfall … WebSTCG Tax Calculation Example – Let us assume, Mr Singh, a 37 years old Indian resident, is a salaried individual employed at Z Ltd and has an annual salary of Rs. 6,30,000. In May 2024 he invested in 500 equity shares at the rate of Rs. 100 per share and proceeded to sell them off in January 2024, after 8 months, at the rate of Rs. 120 per ... gantzer group inc