Short Term Capital Gains Confusion

Hello @Quicko are you able to please clear this doubt.

Suppose I earn 3.5 lakh rupees from my enterprise and three lakhs from shopping for and promoting shares inside an 12 months which is Brief Time period Capital Achieve. I’ll go for new tax regime. How a lot tax I’ve to pay?

Hey @himudaji,

Your corporation income shall be taxed at a slab price and the STCG shall be taxable at a flat price of 15%.

Underneath the brand new regime, you get a tax rebate if the earnings taxable on the regular slab price is under ₹7L. Therefore, there’ll be no tax legal responsibility on the enterprise earnings. The STCG of ₹3L shall be taxed at 15% and the tax legal responsibility will come to ₹45,000.

So will I not get the advantage of tax slab briefly time period capital achieve?

Is there any solution to save quick time period capital positive factors in new tax regime? @Quicko

He mustn’t pay any tax if the revenue is just 3 lacs, proper? As I perceive if the earnings is greater than 3 lacs then we have to pay tax for that (quantity above 3 lacs)So, if the STCG is 4 lacs, then one have to pay tax of 15K. Am I proper?Thanks,

Hey @himudaji,

No, quick time period capital positive factors shall be taxed at flat 15%. You’ll get the essential exemption although.

Hey @satya,

However there’s enterprise earnings additionally on which the essential exemption is already utilised. Therefore, your complete ₹3L STCG will grow to be taxable.

Thanks. I obtained your level. So, This STCG is not going to be counted in complete exempt restrict of seven lac.

Hello expensive i’m worker and mine annual earnings is 2lakh and that i obtained sme ipo allotment and that i obtained revenue of three.5 lakh so please inform me i’ve to pay any taxes?STCG or i must file itr to get rebate please clear my confusion

Hello expensive i’m worker and mine annual earnings is 2lakh and that i obtained sme ipo allotment and that i obtained revenue of three.5 lakh so please inform me i’ve to pay any taxes?STCG or i must file itr to get rebate please clear my confusion

Hello how can I scale back stcg burden of near 1.2 l by collaborating in reliance bonus share points

Hello @BGVALA,

You do get the essential exemption of ₹3L beneath the brand new regime. So first, your 2L earnings shall be exempted and the remaining ₹1L shall be exempted from the STCG.

Therefore, ₹2.5L STCG will grow to be taxable.

The rebate shouldn’t be obtainable for STCG. Therefore, you’ll must pay tax at 20% (if positive factors had been realised on or after twenty third July 2024) or 15% (if positive factors had been realised earlier than twenty third July 2024).

What if my complete earnings is 3Lakh rupees and it’s from quick time period positive factors solely. Then I’ve to pay zero tax?

I don’t have some other supply of earnings. I solely earn from quick time period positive factors by shopping for and promoting shares.

Sure on this case fundamental exemption restrict is utilized and you’ll have to pay 0 tax.