Tax on capital gains
This query is : Resolved
20 October 2011
Why tax on long term capital gain is more than short term???????? Just want to know the logic behind.......
20 October 2011
What is the Income tax rate on long term & short term capital gain presently?
20 October 2011
There is no logic behind this, persons income taxed on the basis of slabs and total income below RS.500,000/- then tax on long term capital gains will be more than the short term capital gains.
20 October 2011
Precisely, if we ignore the slab (as in case of company, firms etc) the tax rate for LTCG is lower that STCG (Opposite to Priya's query)and the logic is obvious- keep the capital assets for longer period and pay less Income Tax.
Mr. Dileep-Please correct if I am wrong...
Mr. Dileep-Please correct if I am wrong...
20 October 2011
you are correct..that is applicable ONLY for ind/huf/ aop.
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