Nettet31. jan. 2024 · Updated: 31-01-2024 05:39:52 AM. When you sell assets after certain specified time periods, you are subject to Long Term Capital Gains Tax (LTCG). LTCG is 10% for gains in stocks and equity mutual funds. It is 20% for gains in real estate, debt funds and other assets along with the benefit of indexation. Assets hold before the … Nettet1. feb. 2024 · Union Budget 2024 is expected to come out with one of the most awaited announcements for Dalal Street - big-ticket reforms regarding Long Term Capital Gains …
Exemptions from paying LTCG on sale of Residential House Property …
Nettet14. jan. 2024 · 14 Jan 2024. 57,384 Views. 2 comments. No applicability of section 14A on exemption of Rs.1,00,000/- (One Lakh) Long Term Capital Gain (LTCG) under Section 112A of Income Tax Act, 1961. Section 14A shall not be applicable on LTCG income earned u/s 112A. The answer to the questions of applicability of section 14A for … Nettet26. okt. 2024 · Will I pay tax on STCG if my LTCG is less than Rs 1 lakh? —Nakul Dhal Indian tax laws mandate individuals to necessarily furnish return of income only when … high tensile anchor bolts for concrete
What is the LTCG Tax Free Limit in India NoBroker Forum
Nettet27. jan. 2024 · In fact, Rs 40 lakh, invested at 5.7% tax-free, grows to less than Rs 53 lakh after five years. That is, investing in 54EC at 5.75% taxable bonds is a better option over paying the LTCG tax and ... Nettet6. feb. 2024 · 54EC. Any Land or building sold by any person. Investment in long term specified bonds within a period of 6 months after the date of transfer. Investment shall be made for a minimum period of 5 years. Interest earned from such bonds is not tax free. LTCG shall be exempt upto INR 50 Lakhs. 54GB. Nettet23. nov. 2024 · Income Tax Act : No tax on the purchase. However, gold jewellery/bullion/Gold ETFs/ Gold MFs received as gifts will be taxable as per applicable slab rates. GST Act: Tax @3% on purchase and 5% on making charges. Acquired from the explained source of investment: No limit on the quantity of gold that a person can hold. high tensile barb wire