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Calculate your tax liability on profits from stocks, mutual funds, property, and gold based on the latest budget updates.
The holding period for LTCG has been simplified to 12 months for listed assets and 24 months for all other assets. The LTCG tax rate is now a flat 12.5% for most assets.
Capital Gains Tax is applicable on the profit earned from the sale of a 'capital asset'. These assets include stocks, mutual funds, real estate, gold, and more.
When an asset is sold within a short holding period. For listed stocks, this is less than 12 months. For property and gold, it's less than 24 months.
When an asset is held for a longer duration. LTCG usually enjoys lower tax rates compared to STCG to encourage long-term investing.
If your total Long Term Capital Gains from listed equity and equity mutual funds in a financial year is less than ₹1,25,000, you don't have to pay any tax. Tax is only applicable on the amount exceeding this limit.
Yes, Short Term Capital Losses can be set off against both STCG and LTCG. However, Long Term Capital Losses can only be set off against Long Term Capital Gains.
For properties acquired before July 23, 2024, taxpayers can choose between 20% tax with indexation or 12.5% tax without indexation, whichever is more beneficial.
It is calculated from the date of acquisition to the date of transfer/sale of the asset.