WebShort-term capital gains that do not fall under Section 111A. The income tax on short-term capital gain on shares other than Section 111A would attract a standard rate of tax. Such tax on STCG on shares would be decided as per the income tax slab of tax-paying individuals. WebThis process of selling stocks to harvest losses and save on taxes is known as tax-loss harvesting. While there is no explicit regulation in India that disallows tax loss harvesting. In the US, if stocks are sold and bought back within 30 days just to reduce taxes on realised gains, they are called wash sales, and taxes are disallowed to be offset.

TAX ON SHORT-TERM CAPITAL GAINS

WebMar 24, 2024 · Should an NRI pay taxes on gains made on the sale of property in India? Property sold in India is generally subject to tax deduction. The person buying the … WebJan 21, 2024 · Explaining the method used to tax the trading gains, Amit Gupta says, "Under the income tax act 1961, the taxability of gains relied on factors like holding period and … beau sejour swim timetable

If I Reinvest My Dividends, Are They Still Taxable? - Investopedia

WebEquity investments are fairly straightforward. All profits made within a period of 1 year will be treated as short term capital gains and will be taxed at the rate of 15% of the profit. However, if the stock is held for a period beyond 1 year then it is classified as long term capital gains. In that case the profits are entirely tax-free. WebA company incorporated in India is treated as a tax resident of India and is taxed @ 30%* on its global income. However, if its turnover is up to INR 4,000 mn in FY 2024-18, then the applicable rate of tax is 25%*. Web1 day ago · BENGALURU (Reuters) -Indian shares closed marginally higher on Thursday, after a slide in IT stocks following weak quarterly earnings and a cautious outlook from … dijister