Income Tax on Stocks - STCG and LTCG Tax Calculation Examples [Hindi]

Income Tax on Stocks - STCG and LTCG Tax Calculation Examples [Hindi]
In this video by FinCalC TV we will see Income Tax Calculation on stocks when you make STCG and LTCG in hindi with excel examples. STCG tax rate is 20% and LTCG tax rate is 12.5% on profits above Rs. 1.25 Lakh in a financial year.

Income Tax Calculation Video:

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WHAT IS CAPITAL GAINS?
Profits or gains arising from transfer of a capital asset are called “Capital Gains” and are charged to tax under the head “Capital Gains”.

WHAT IS SHORT TERM CAPITAL GAINS?
For shares of companies or equity mutual funds the period is 12 months. So shares or equity mutual funds sold within 12 months from the date of purchasing and making profits on such selling will be termed as Short Term Capital Gains.

Examples of STCG covered under section 111A:
- STCG arising on sale of equity shares
- STCG arising on sale of units of equity oriented mutual fund sold through a recognized stock exchange which is chargeable to STT
- Short term capital gains arising on sale of units of a business trust
- STCG arising on sale of equity shares, units of equity oriented mutual fund or units of a business trust through a recognized stock exchange located in any International Financial Services Centre and consideration is paid or payable in foreign currency even if transaction of sale is not chargeable to securities transaction tax (STT).

SHORT TERM CAPITAL GAINS TAX RATE
STCG covered under section 111A is charged to tax @ 15% (plus surcharge and cess as applicable).
Normal STCG, i.e., STCG other than covered under section 111A is charged to tax at normal rate of tax which is determined on the basis of the total taxable income of the taxpayer.

TAXATION ON SHORT TERM CAPITAL GAINS
Watch examples in Video and Website link above

ADJUSTMENT OF STCG AGAINST BASIC EXEMPTION LIMIT
Only a resident individual and resident HUF can adjust the exemption limit against STCG covered under section 111A. Thus, a non-resident individual/HUF cannot adjust the exemption limit against STCG covered under section 111A.
Watch Examples in Video.

#IncomeTaxonStocks #STCG #LTCG #fincalc

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DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown.
I Am Not A SEBI Registered Adviser. All The Information Provided By Me Are For Educational/Informational Purposes Only. We Do Not Take Any Responsibility For The Accuracy Of The Data But As It May Contain Typographic Or Other Errors And Inaccuracies And We Expressly Disclaim Liability For Any Errors On The YouTube Channel (FinCalC TV). Please consult your Financial Advisor before taking any decision or action in terms of your Finances.

[tejpratapsingh]

thak you sir bahut achchhi jankari di apne

[kartikbaghele]

Sir ye jo stock market me swing trading krk jo profit bnta uska tax ky hame CA k pas bharna hota ?

[kapilraghavkapilraghav]

House sale LTCG CALCULATION BTA DIJIYE SIR

[kapilraghavkapilraghav]

HOUSE sale LTCG calculation bta dijiye sir ITR2

[RajSharma-mv]

Sir ye bataiye ki yaadi salary se 2 lac income bana or stgc se 4 lack bana to kitna tax banega to tax kis regim se banega or kitna bangega please clear ... I am waiting for your reply

[targetcore]

Stock ka mutual fund se mutuala fund ka stock se short term longtem setoff rule clealley plase

[secondhandtrucktyres]

Govt to lootne ko lagi hai bhai risk hamara capital hamari aur 20% govt ko chahiye loss mai bhi fir govt ko help Krna chahiye vo to krti nhi. Share market se itna GST aur STT govt ko jata hai fir bhi middle class ko lootne Mai lgi hai govt

[spiritualquiz-adhyatmaques]

Nirmala Sitaraman should be dismissed from Finance Minister due to worst taxation system.