capital gains
This query is : Resolved
16 July 2008
are capital gains exempt. What is the rate of tax on short term capital gains
17 July 2008
All capital gains are not exempt. Query is not specific. Rate of tax on short term capital gains may vary from assessee to assessee as the same depends on the slab by which the assessee is covered as the same is taxed like other normal income except STCG in listed securities where it is 10%.
17 July 2008
no all capital gains are exempt.The rate of Short Term Capital gain tax is presently as follows.
10% plus surcharge, if applicable plus Education Cess & Secondary and Higher
education cess (up to A.Y. 2008-09) and
15% plus surcharge plus Education cess &
Secondary and Higher Education cess
(from A.Y. 2009-10)
10% plus surcharge, if applicable plus Education Cess & Secondary and Higher
education cess (up to A.Y. 2008-09) and
15% plus surcharge plus Education cess &
Secondary and Higher Education cess
(from A.Y. 2009-10)
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
