Short Term Capital Gain: Shares and stocks which are sold within 12 month of purchasing. Profit on equity shares sold on stock exchanges in India within 12 months are taxed at a flat rate of 15 percent irrespective of any tax slab. It means if you fall under tax bracket of 10%, still...
The calculation of property tax includes all fixed assets for which a code for the assessed tax type is entered in the fixed assets book. The only exceptions are fixed assets that have a status of Scheduled. The calculation includes all fixed assets that are written off or sold during the ...
500. The cost basis is the average cost per share that you paid times the number of shares that you sold: $41 x 50 = $2,050. Your gain or loss is the net proceeds (how much you sold the shares for) minus the cost basis: $2,500 - $2,050 = $450. In thi...
during the year you will need to apply the same holding requirements to fund shares you own (or owned) as you would to a common stock. If you do not meet the holding requirement, qualified dividends reported to you by your fund should not be included as qualified dividends on your tax ...
If you took property on home loan, claimed the tax deduction for the principal under Section 80C and property is sold within five years, the tax benefits will be reversed. The entire tax deduction ,for repayment of principal component of the home loan ,claimed in earlier years under section ...
Calculating the value of your portfolio can be more complicated than simply adding up the worth of your stocks. Depending on what type of investments you have, their tax status, interest features and other factors, you should consider more than just the bottom-line value of your portfolio today...
Taxpayers can minimize their tax burden by selling shares held for more than 18 months and by offsetting those sold with a gain held less than 12 months.Anthony P. CuratolaSmith, David. (1998). Be specific: Calculate your gains carefully. Management Accounting, March....
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ABC Corp., a producer of educational materials for schools, issues shares to raise capital. Before the stock goes on the market, the company must declare a base legal price at which it will sell its shares, also called its par or nominal value. ABC sets this num...
The cost basis determines how muchcapital gainstax must be paid once an investment or other asset is sold. For certain assets, such as real estate or stocks that have been owned for many years, a very low basis can result in a heavy tax burden when they are sold. ...