Please clarify if these provisions will apply for FY 2022-23. Also what is the cost of purchase taken in case bonus shares have been received. Also will same rules apply for gain on sale of tax savings equity mutual fund units. Will appreciate your clarification. Regards
Sir,Pl Let me know the tax implication: My net total income is Rs.499000 (old regime) after all deductions (i e Rs 250000).But LTCG Rs.60000 from sale of debt mutual fund on August 2023 Which was purchased On 07.02.2020 included in Rs.499000 after indexation benefit. Can I claim rebate u/s 87A on Rs.499000 for AY 2024-25 ? How much tax to be Paid for the AY 2024-25. My age is 63 yrs +. Thanks & Regards, 12:49
Hi Sir, suppose I have bought shares every month for 5 years...how will I calculate indexed cost of acquisition after 5 years when I sell those shares? What should be the base cost
मै एक लॉंग टर्म इन्वेस्टर हू मेरा एक सवाल है एलटीसीजीएस का बेनिफिट उठाया जा सकता है क्या मै एक लाख का प्रॉफिट बुक करके फिर से दुसरे दिन रिइन्वेस्ट करता हु क्या इससे मेरे कंपाऊडिंग के उपर कुछ इफेक्ट गिरता है क्या ये स्ट्रेटजी सही है?
Itne time is section ke liye pareshan hu ....Dt ke jo famous faculties tak jo unse b clear nhi hua ...Jitne clear aaj ye video dekh ke hua ... Many many thanks to you ....
A person's annual Income from salary is ₹ 590000 and his LTCG from shares is 3 lacs. How much tax he has to pay if he invests 1 lac 50 thousand under section 80C and 50 thousan in NPS u/s 80CCD(1B)?
Excellent explanation, pl guide me whether equities acquired through IPO OR ESOP and sold after 12 month and GST paid. Whether sec 112A is applicable in above case?
Sir - My uncle bought equity shares in IPO allotment in Aug-2016. He sold all shares in Aug-2021 at a profit of Rs 85000/-. STT was not paid while buying the shares due to IPO allotment. STT paid only at the time of selling the shares. What is the amount of tax my uncle has to pay? Which IT section is application in his case? 112A?
Sir thnx for your valuable information but when to submit income tax on long term capital gain after sale of shares at earliest or while filling returns in july
Respect Sir, Many thanks for your research. My age is 53 yrs & I made Rs. 2.34 L losses (STCL) in the FY 2021-22 in the F&O segment. My Total income salaries for the FY was Rs. 50,000. Now, can I set off losses in the coming 8 AY in any LTCG/ STCG? Looking for your early reply.
Sir I am 82yrs .Normal income is Rs 390000/-Income from sale of SBI shares is Rs319869/-.Kindly advise my tax liability .SBI SHARES WERE PURCHASED ON 24TH FEB 1994
Tq sir, Sir I have a doubt agar kisi ki income hi nahi ho, par uske pass purchase kiye hue shares hon lekin becha nahi hai , to kya usko bhi ITR file karni hogi ? dividends are below 5000 and shares r purchased on or after January 2022, and the purchaser is in 10% loss , still he has to file? and 1 more doubt Total dividends below 5000 or per company
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Excellently explained sir. Please keep making such videos on various aspects of capital gains.
Elaborate explanation of very very complicated LTCG tax on sale of shares.Thank you for your praise-worthy job.
Thank you sir this video is most helpful to learning income tax accounting 😊
Lucid explanation by you. Best wishes and god bless you.
Sir if stt not paid then which section is applicable for taxability
Please clarify if these provisions will apply for FY 2022-23. Also what is the cost of purchase taken in case bonus shares have been received. Also will same rules apply for gain on sale of tax savings equity mutual fund units. Will appreciate your clarification. Regards
Sir,Pl Let me know the tax implication:
My net total income is Rs.499000
(old regime) after all deductions
(i e Rs 250000).But LTCG Rs.60000 from sale of debt mutual fund on August 2023
Which was purchased On 07.02.2020 included in Rs.499000 after indexation benefit. Can I claim rebate u/s 87A on Rs.499000 for
AY 2024-25 ? How much tax to be
Paid for the AY 2024-25. My age is
63 yrs +.
Thanks & Regards, 12:49
How about example of short term and long term gain with no other income? In this 250000 exemption can be taken for LCG?
Sir
Section 112A , i have Sale 5 script with gain 3 Lacs and in 2 script with loss 1 lacs then how much taxable amount?
Sir if STT no paid then sec 112A do not apply so will CG taxable under 112 for long term
Hi Sir, suppose I have bought shares every month for 5 years...how will I calculate indexed cost of acquisition after 5 years when I sell those shares? What should be the base cost
मै एक लॉंग टर्म इन्वेस्टर हू मेरा एक सवाल है एलटीसीजीएस का बेनिफिट उठाया जा सकता है क्या मै एक लाख का प्रॉफिट बुक करके फिर से दुसरे दिन रिइन्वेस्ट करता हु क्या इससे मेरे कंपाऊडिंग के उपर कुछ इफेक्ट गिरता है क्या ये स्ट्रेटजी सही है?
can you explain the Section 112 A details with respect to New Income Tax regime.
Itne time is section ke liye pareshan hu ....Dt ke jo famous faculties tak jo unse b clear nhi hua ...Jitne clear aaj ye video dekh ke hua ...
Many many thanks to you ....
Thanks keep sharing with others
A person's annual Income from salary is ₹ 590000 and his LTCG from shares is 3 lacs. How much tax he has to pay if he invests 1 lac 50 thousand under section 80C and 50 thousan in NPS u/s 80CCD(1B)?
Excellent explanation, pl guide me whether equities acquired through IPO OR ESOP and sold after 12 month and GST paid.
Whether sec 112A is applicable in above case?
Yes 112A applicable, government has exempt STT paid at time of purchase here
Excellent video. Thanks
Is there any exemption w.r.t STT paid clause in sec 112A/ 111 i.e like shares traded through International financial service centre.
No exemption related to STT
Sir - My uncle bought equity shares in IPO allotment in Aug-2016. He sold all shares in Aug-2021 at a profit of Rs 85000/-. STT was not paid while buying the shares due to IPO allotment. STT paid only at the time of selling the shares. What is the amount of tax my uncle has to pay? Which IT section is application in his case? 112A?
Watch my video on 112A
Section 112A I Long Term Capital Gain on Sale of Shares
ruclips.net/video/L93zjNI8cmU/видео.html
Tax will be Zero
Very good explanation sir
How to treat partial shares. I purchased 100;shares of HDFC, sold 50 shares at profit. How we treat same
Calculate capital gain on shares
Wow... bhaiya great job....... helpfull video for student's.
Thanks
Sir,
STT Paid at the time of sell but not paid at the time of buy/ purchase of equity?
Then whether section 112A apply hotha hai kay?
112A not applicable here
Sir,
Excellent video.
Very informative.
Pl prepare video on sect 87A.
Regds
Thanks keep sharing
Sir thnx for your valuable information but when to submit income tax on long term capital gain after sale of shares at earliest or while filling returns in july
Return should be filed with due date - 31 july
Well explained sir👍♥️
Thanks for describing
Respect Sir, Many thanks for your research. My age is 53 yrs & I made Rs. 2.34 L losses (STCL) in the FY 2021-22 in the F&O segment. My Total income salaries for the FY was Rs. 50,000. Now, can I set off losses in the coming 8 AY in any LTCG/ STCG? Looking for your early reply.
No it can not set be off from ltcg or stcg. It is speculative business loss and can be set off only from speculative business income
U/s 87A is applicable to STCGain income
Thank you sir
Welcome
Valuable information provided.
Thank you sir
.
Welcome
Equity acquired by IPO, kya isa case me sec 112A applicable hotha hai kya?
Yes 112A applicable, government has exempt STT paid at time of purchase here
@@cavijaygupta Thanks for your prompt response 🙏
thank you
Really helpful video sir
Thank you so much sir
Thanks and keep sharing with others too
Sir I am 82yrs .Normal income is Rs 390000/-Income from sale of SBI shares is Rs319869/-.Kindly advise my tax liability .SBI SHARES WERE PURCHASED ON 24TH FEB 1994
Kindly advise contact no.
Tax liability approx 11427 on the basis of information provided
LTCG well explained. Thanks!
Welcome ,keep supporting and sharing
excellent way of teaching
Thanks and keep sharing with others
Best, plz keep working on it sir.
If u like share with friends thnx
Sir one more thing how to adjust long term capital loss against long term capital gain
There is a table in return form for setoff of loss you can adjust your losses there
What's long term capital gain tax rate for AY 2023-24 for equity shares paid STT for senior citizens?
If LTCG u/s 112A is more than Rs 100000 in such case excess of rs 100000 is taxed @10%
Sir mari mother Ka nam se Share sale kiya hai unka LTCGTax 1.35Lacs Banta hai sr.citizen hai unki koi Reg. Income nai hai fy 21-22me LTCGTax Ayaga..
Zero Tax
Thank U SiR..
Served the purpose
Keep sharing with others
Sir is 112A applicable on bonus shares ??
Yes
@@cavijaygupta Thank you so much !!!
Thank you sir ❤️
Excellent 👍 advise
EXCELLENT SIR.
Thanks keep sharing with others too
Sir can i carry forward loss of grand fathered mutual fund for next finnacial year
You can not your grand father can
Only if return is filed within the due date
Sir, ipo में।मिले शेयर पर तो stt लगता नही
Yes
Thanku sir very much
Thanks for appreciation and keep sharing
nice explained
Thanks
Thanks 👍 sir
My pleasure
Super 🙏🏻🍫💥
You should USE THE FULL OF EVERY TAX . WE DON'T KNOW THAT WHY WE ARE HERE.
Debt MF pe bhi vedeo banaie
Thanks for suggestion I will try
80 C -80U only 150000 deduction allow barring nps 50000
Yea 150000 in 80C to 80 U and additional 50000 in 80CCC for NPS
It will be good if in english also
we will keep in mind for future videos
Full form of STT
Securities Transaction Tax
Tq sir,
Sir I have a doubt
agar kisi ki income hi nahi ho, par uske pass purchase kiye hue shares hon lekin becha nahi hai , to kya usko bhi ITR file karni hogi ? dividends are below 5000 and shares r purchased on or after January 2022, and the purchaser is in 10% loss , still he has to file?
and 1 more doubt
Total dividends below 5000 or per company
No
Tq sir
Sir
Where I can check the STT after purchasing and selling
Pl dont repeat same again n again
Repeating help student to learn during watching video’s itself
You feel I repeat I feel I revise things so that it’s easy to learn things during first watch itself
Thank you sir