There is no tax on Share Market Instruments.
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If yes, then let me correct you with the facts :
If equity shares listed on a stock exchange are sold within 12 months of purchase, the seller may make a short-term capital gain (STCG) or incur a short-term capital loss (STCL).
Short-term capital gains are taxable at 15%.
If the same gets sold after 12 months of purchase, the seller may make a long-term capital gain (LTCG) or incur a long-term capital loss (LTCL).
But cannot set off long-term capital loss against short-term capital gains
Securities Transaction Tax (STT) is applicable on all equity shares sold or bought on a stock exchange.
Also, any unabsorbed long-term capital loss can be carried forward to the subsequent eight years for set-off against long-term gains.
To set off and carry forward these losses, a person has to file the return within the due date.
Is Indexation benefit available ?
What's the rate of LTCG ?
Do you have such more questions in mind ?
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