Surcharge on long term cap gain
This query is : Resolved
25 March 2025
if income is :-
1 lakh income from other sources
2 lakh short term cap.gain from sale of equity share via listed exchange
49 lakh long term cap.gain from sale of equity share via listed exchange
----
52 lakh total income
how tax will be in (new regime for individual below 60 years) because, Long term cap.gain will be sepserately taxed at 12.5% plus surch + cess, right?
also, what is order to absorb within basic limit? 1st short term then long term righT?
my view:-
there will be surcharge but confused, as non-long term cap. gain is less than 50 lakhs.
(strangely,tax calculator after logging in income tax efiling is not showing quick links).
1 lakh income from other sources
2 lakh short term cap.gain from sale of equity share via listed exchange
49 lakh long term cap.gain from sale of equity share via listed exchange
----
52 lakh total income
how tax will be in (new regime for individual below 60 years) because, Long term cap.gain will be sepserately taxed at 12.5% plus surch + cess, right?
also, what is order to absorb within basic limit? 1st short term then long term righT?
my view:-
there will be surcharge but confused, as non-long term cap. gain is less than 50 lakhs.
(strangely,tax calculator after logging in income tax efiling is not showing quick links).
25 March 2025
STCG will be absorbed by basic exemption limit.
No surcharge applicable in this case.
No surcharge applicable in this case.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About Electronic Credit Reversal and Re-claimed Statement.
- ITC not taken in GSTR3B
- Exemption u/s 10(23C)(iiiad) Schools
- TDS deduction on property purchase
- Household goods
- Updated return e verify. EVC
- Eway Bill responsibility
- Tax calculation on shares
- Income Tax Calculator In Excel FY 2024-2025 (BENNY THADATHIL)
- Exemption not allowed by CPC
- Apportionment credit
- ROC Forms required to be filed by private limited company after becoming holding company.
- Telecom e recharge mobile prepaid dealer itc can claim on net purchase talktime
- E invoice pending but bill uploaded in GSTR1
- Under which head pass to entry
- Applicable TDS:- Payment for Partnership and alliance business services.194J v/s 194H
- TDS under section 195.
- Transfer of partners own share/capital contribution to his son by appointment
- GSTR2A and GSTR3B difference ITC ineligible how to return
- Ineligible ITC reversed but reflected in ITC reclaim ledger - how to rectify
Trending Online Classes
CAclubindia
