Tax on LTCG or STCG for stocks The taxability of long-term capital gain (LTCG) would depend on whether at the time of sale of shares, the securities transaction tax (STT) has been paid or not. STT is a tax paid for transactions made on a recognized stock exchange.Securities Transaction ...
charitable contributions: LTCG property Deduction for contribution of long-term capital gain property is equal to the fair market value of property.Exception: Tangible personal property is contributed and not used by charity in its exempt function. Deduction is for the basis of the property.- Exampl...
if the target is a corporate subsidiary (with at least 80% ownership by the parent company), the target can generally sell its assets and distribute the proceeds (after the first level of tax on the asset sale) to the parent company without incurring another level of tax on the proceeds s...
20% plus all applicable fees and surcharges for LTCG. Short Term Capital Gains applicable on stocks held for less than 2 years. Tax rate according to investor’s slab for STCG. Let’s assume you invest $1000 in the US markets. You receive $100 dividends. You earn a profit of $800....
Short-Term Capital Gains (STCG): 15% tax if held for less than 36 months. Long-Term Capital Gains (LTCG): Taxed according to income tax slabs (5% to 30%) if held for more than 36 months. 1% TDSon all transactions since July 2022. ...
STCG and LTCG Holding Period in 2025Following table explains the type of gain for each asset’s basis on the holding periodAsset Short Term Capital Gains Long Term Capital Gains Listed Equity or Preference Shares Period of Holding < 12 months Period of Holding > 12 months Units of Equity ...
Capital Gains On Long-Term Holdings (LTCG) An equity share seller can realise a long-term capital gain (LTCG) or a long-term capital loss (LTCL) depending on the conditions of the sale of the equity shares. To avoid paying income tax in the long term on the profits, analyse its stock...
If the monetary value of the gift is more than INR 50,000, it is taxable in the hands of the receiver as Income From Other Sources and taxed at slab rates. However, if the gift is given on the occasion of marriage, it is exempt as per Section 56(2)(vii) of the Income Tax Act...
Short-term capital losses on the sale of shares refer to losses incurred when an individual or entity sells shares that were held for less than or equal to one year at a lower price than the purchase price. Short-term capital losses can be set off against both short-term and long-term ...
Note: Check out my article ontax-gain harvestingto see how he could have booked $21,000 worth of losses instead! Although VLCAX is a fine investment, he prefers VTSAX so after two months, he decides to sell all of his shares of VLCAX and use that money to repurchase shares of VTSAX...