New Capital Gain Tax Rates from 23 July 2024|Tax on Shares |Tax on F&O |Capital Gain Tax Budget 2024
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- เผยแพร่เมื่อ 6 ก.ย. 2024
- All Capital Gain Tax rates are changes from 23 July 2024, Effective for FY 2024-25 (AY 2025-26)..... through Union Budget 2024, because of which there is drastic change in share market, nifty and Sensex on 23 July 2024 due to major changes in Capital gain tax rates, now new tax rates are applicable on sale of shares, Debentures, Bonds, Property, Gold and other Capital Assets, also Security Transaction Tax (STT) is changed on Future & Options (F&O), so changes are in the tax rates under section 111A, 112A, 112 and other relevant sections of Capital gain under Income Tax Act 1961
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Please make detailed video on LTCG on sale of immovable property, land & building.
Mam...aap bahut mehnat karti ho..😊😊...2 vdos 1 reel in same day😮
me and my team Trying our best, tomorrow also you will get 2 videos and 1 short
Mam previous financial year mai 44AD opt kiya tha.... ..... Par es financial year mai 44AD se opt out hua.... Share market ke loss ko dikhna tha esliye itr3 fill kar Diya...... overall turnover ka 9% profit dikhaya..... Any aduit required ???
मैडम मुझे यह बताइए मुझे पिछले 3 महीना में
40000 का फायदा हुआ है शेयर को बेचने से
क्या मुझे टैक्स देना होगा
लेकिन मुझे future and option m 54000 ka loss hua hai
तुम मुझे बताइए क्या होगा 🙏🙏🙏🙏🙏
Thanks Mam for Valuable Information 🙏
Excellent video... Ma'am my simple query : I made LTCG on listed equity shares. Now I should file them under section 112 or 112A. in ITR2. Please help.
Req you pls make video on capital gain of property with example asap.
coming soon
Budget is negative for the Stock / Capital market:-
1.Short Term Capital Gains and Long Term Capital Gains Income Tax rates have been increased to 20% and 12.5% respectively.
2.The benefit available U/S 87 (a) (Income tax rebate up to 12500 in old regime and up to 25000 in new regime) in case of Short Term Capital Gains, has not been allowed from 5 th July 2024 (if I am not wrong).
3.STT on F&O has also been increased.
4.The Indexation benefit for LTCG in Commodities (Real estate etc.) has also been removed.
SCGT me koi exemption nahi hota hai kya? Agar koi ₹1000 rupaya kamata hoi to uspar bhi 20% tax dena padega?
Thank you ma'am for comparative table....also for this detailed video
Can you make a video on LTCG gains made before and after budget, where the gains are above exemption limit.
Do you have any video on *Redevelopment of properties* and how Capital gain tax is applicable on them? Holding period considered there?
I highly respect your effort to dilute the tax matter, thank you
a very big thank sister
I came to this channel to learn ITR 1 file by myself and became a regular subscriber of this channel.
I have been watching @CAGuruji channel from more than a month.
I saw that HOW TO FILE ITR 1 video more than 10 times and recommended to many fellows who were filling their ITRs from CAs.
I talked to more than 3 CAs but CA Guruji channel is far better than other CA's advice.
PS.: Ma'am agar CA nahi hote to pakka mere jaise Guru Ji hote.😊😊
Jo hum equity meh swing trade karte h aagar saal ka income 2 lacs aata h. to phir as per income tax katega ya income tax slab kay issab say
I bought house property in 1997 Rs say 5 lakhs. I am selling that in July 31, 2024 in rs 45 lakhs. What will be capital gain tax? Request to clarify with similar examples in your TH-cam video
sure wait for my separate video on this topic
@@CAGuruJi same question
Same question. Also if I buy property from the sale property and I can set off ie new property price is higher than the sold property eg my acquisition price Rs50 lakhs and sold at Rs1 crore. If I buy new property for Rs1crore than no capital gain tax? Also how to arrive at acquisition cost is if I took land than constructed it around 20 years ago and no bill to prove??
Pl also elobrate on capital gain tax on property held before 2001
Whether grand fathering for share purchases before Jan 2018 remains or abolished
Excellent video... Ma'am my simple query : I made LTCG on listed equity shares. Now I should file them under section 112 or 112A. in ITR2. Please help..... equity shares.
Please make video on F&O Income Tax After New Budget Announced
Excellent video... Ma'am my simple query : I made LTCG on listed equity shares. Now I should file them under section 112 or 112A. in ITR2. Please help
You are very laborious and hard working and method is very nice and understanding🎉
Is the new long-term capital gains (LTCG) tax rate for US equity investments 12.5%, and is the ₹1.25 lakh exemption also applicable to LTCG from US equities?
Sister can you also consider deduction any available for equity small and long term gain
How other long term asset will calculate now without indexation pls explain
How the cost of land will be calculated for the purpose of capital gain.
Unlisted asset or security STCG TAX RATE....?
UNLISTED ASSET OR SECURITY LTCG TAXABLE WITH 20% WITHOUT INDEXATION....?
Good afternoon madam
I purchased a flat in July 2015.price was 14 lakh.
I sold it in August 2024
in 20 lakh. According your indexation formula it is found
CAPITAL LOSS.
Should I fill ITR-2??
Please ADVICE.
Thanks.
Make video with practical examples....is the best way
Thanks for detailed information about latest changes in taxation. Mam, I have one query whether I have total income from salary including STCG is upto 3 lakh than I will have to pay taxes on STCG or not? Please reply 🙏
Agar kuch transactions july 2024 se phle ki hai kuch transaction july 2024 k baad ki hai to stcg or ltcg kaise calculate hoga or jo rebate bda hai ltcg me 1L se 1.25L. vo kaise apply hoga
Madam, this LTCG is given retrospective effect some body can question it.
Ma'am, please clarify how to calculate the cost of acquisition of inherited/ancestral property to calculate capital gain tax after this union budget.
Wht is the tax rate on capital gain (long term) for landed property?
12.5% without indexation
@@CAGuruJi thanks Mam.
What is the effective date for removal of Indexation and revision of LTCG tax rate to 12.5%?
For property is the date of registration of sale deed, to be taken as the date for consideration?
Mam agar short term me 1 saal 1 lakh ka profit kia hai to tex lagega 15% ka
I like your prompt knowledge share on the update after budget. Plz cover in detail related to property purchased before 2001, I read in a money control blog that indexation will be available for legacy properties but till what time 2001 or till what timeframe?. Also nowhere related to home improvement cost is talked - is it still available or it is also scrapped?. If you will cover if someone is already in talks or collected some amount as token before budget for legacy property what is the impact on taxation going to be. Sorry for the long thread but these questions if answered will be a complete knowledge share after the latest budget update. Thanks
Please upload video on TDS rate Change ASAP.. Thank u ma'am
yes sure tomorrow or day after tomorrow
Earlier, the Long-Term Capital Gains (LTCG) on Listed NCDs/securities was taxed at 10% without indexation benefit under section 112(1). This is not covered under section 112A. What will be the new rate?
To sale of the property capital gain tax?
Hello, 9:14 to 9:26, you said exemption raised by 25 lakh, but is should be 25 thousand. Correct me if I am wrong. I am just noticing you on that point. Thank you.
Ma’am thank you so much for this informative video. Could you share illustration for calculation of tax liability under new tax rates of Capital Gains?
coming soon
@@CAGuruJi sure, I’ll be waiting.
Request you to please include dates as well.
Example 1: Listed securities purchased before 23-July, and sold before 23-July
Example 2: Listed securities purchased before 23-July, and sold before 23-July
Madam what will be the tax for sale of ansestral property
Will the cost of buying a new flat from sale of old houses adju😊sted for LTCG
In which section SGB INTT. Should be shown?
What about those who redeemed m fs before 23rd July in the fy 2024/25:.. how will deduction allowed 1 lac or 1.25 lakh and rate 10 or 12.5 %
Good evening mam
Maa sarswati ki special blessings hai aap pe
Mam
STCG rate is 20% but how much thoushold limited?
Madam upto june2024 85000 RS short term capital gain lag raha he to 15% tax lagega ?
Effectivedate is 23rd July 2024. Does that mean we need to compute long term capital gain tax under 112 for fy 23- 24 at 12.5% , if taxes are not paid yet or will get refund if already paid taxes as effective date is before due date. ?
Long Term Debt MF ki tax rate kitni hai ?
Mam ..pahle 50,00,000/- ki property selling par 1% TDS Dena padta Tha. Ab kya niyam hai? Please tell me.
What about indexation on sale of property purchased 1982?
wait for my separate video on this topic
Cess or surcharge applicable for Capital gain?, because after filling the return, IT cell sent notice for short deduction. Kindly explain.
The effective date of increase in exemption ceiling (1L to 1.25L) of LTCG on stock /mutual fund is 23/07/24.
Suppose one taxpayer is deriving income from LTCG (stocks), part of which is before 23/07/2024 and another part is after 23/07/2024. Total LTCG (Stocks) is 1.1L whether he is required to pay taxes on LTCG (stocks)? The exemption ceiling in such case will be 1L /1.25L?
What is the effective date for stcg & ltsg
Mam, if Im selling a capital asset before 23/07/2024, then shall I consider the old holding periods or new holding period?
Madam if I do more than 200 or 300 transactions in one year. Transactions of delivery based share trading and show it under STCG I think IT Department should not have objection because now STCG tax has been increased to 20 percent. IT Department will not insist that you should show it as business income. Do you agree with my assumption? I prefer STCG over business income because of less number of entries in ITR. Profit is only 2 to 3 percent of turnover
good information aapki
Thanks
Mam if some one purchase a land before 23rd july 2024 and its sell after 23rd july 2024 in this case indexation is allow or not
IS THIS APPLICABLE TO PROPERTY WHICH IS SOLD BETWEEN 01 APR 24 TO 22 JUL 24 .
How is it possible to get rebate u/s 87A upto 25k with the new tax slab as it also mandates that taxable income should be less than 7L?. As per new slab rate tax is only 20k not 25k for an income of 7L.
Ma'am please clarify. Please make a short if possible 🙏
Earlier rebate was 25000 for NTR.
Now what is the rebate for the same?
Please confirm.
is income from share market in stcg ltcg is free upto 7 lakhs as per new tax regime
Plz guide mam
Incremental in taxes alwys with immediate effect , if reduce thn next fy , this is india and I bet india will not 3rd economy its sure shot, this time budget is not budget just name sake budget is presented
Is there any examption limit for stcg ?
Hi MAM, My shorterm capital gain is 2lak and i don't have any other incomes then As per new budget 2024 how much tax i have to pay?
Mam sold urban agriculture land can I buy son's residences property in section 54f
read the section carefully at incometaxindia.gov.in
Thanks for sharing latest updates & helpful information 👍👌
Listen bonds debentures sgb ke liye kya hai holding period ? 12m or 24m
bcz u have mentioned listed sec = 12m but in next line, u hav mentioned bonds, debentures = 24m
but dont u think bonds & debentures also fall under listed security ? pls advise
Best' 🎉
Thanks for rebate information
Thanks for the very good update ❤❤❤❤
Very important video, Thank you Mam for giving this important update
LTCG Tax 10 to 12.5% now yei bahot galat ho gaya,, ghatana chahiye tha, bara diye. Sarkar ko hazam nehi ho raha hai.😮😮
On shares Sold before today , what rate will apply 10 or 12.5 percent ?
before 23 July 10%
@@CAGuruJi thanks maam
TDS KA VIDEO BHI ISSUE KAR DE PL
Coming soon
What will Capital gain if reinvested in Real Estate?
How 😊we can save amount on sale of capital gain
This is simplification of taxation by the govt.😂😂😂😂😂😂
Agar kisi ki zero income ho(ya fir taxable slab me nahi aata ho) salary se to kya equity se mile hue capital gain pe tax dena padega ya wo gain basic exemption me aayega?
Thanks for sharing this informative video...
Also negative for employees, officers and pensioners as most of them are in the Old tax regime.
Mam short term capital gain mein agar me taxable slab me hi nahi ata to kya phir bhi 20% tax dena padega
If shares are sold before 23 July 2024, what will be LTCG exempt limit?
What are the rates and period for foreign equity for stcg and ltcg
Mam can an individual treat his short term capital gain income as pgbp income and file itr3 or itr 4
As income tax act has given us option to treat it as either business income or stcg income or this provision is only applicable for companies?
Best explaination ever watched 🔥
What is the examption of STCG like 1.25 L LTCG?
Mam TDS ki video bana do
tomorrow
U just read ...u need to elaborate..if unlisted security and hold for 15 month than it's STCG OR LTCG
Mam Short term capital gain in Old Income tax regime is exempt. Tax only if fall under tax slab means if income exceed Rs.5/- lakh than only income tax will come . as per FY 23-24 calculation. NOw for FY 24-25 any change or short term capital gain will be levied if income below 5/- lakh.
One very important question: What about the equity mutual redemptions made before 23rd July 2024? Will they attract LTCG tax of 10% or 12.5%? 🤔🤔
10%
Pl advise on 87A rebate on STCG
What about Grandfathering that was introduced in Jan 2018
Is MV of property in purchase considered?
WHAT ABOUT MUTUAL FUND?
*Scenario 1:*
Gross Salary -825000
Std deduction-75,000
Income
Income chargeable u/h salary-750,000
0-3L- tax Nil
3-7L- tax 20,000 at 5%
7-7.5L- tax 5000 at 10%
Total tax on normal rate -25,000/-
(Less) Rebate u/s 87A- 25,000/-
Total tax payable - NIL
Madam is this right or wrong?
The clause that mandates that total income has to be below 7L has not been removed in sec 87A.
Wrong
Rebate not allow
I have sold a house property in May'24. I want to know whether indexation benefit will be applicable or not in this caws considering the effective date of changes in capital gain tax is 23rd July'24
Not applicable
@@Fatimashah2000 Do you mean I can use indexation while submitting return for 2024-25 ? Will it available in IT portal for submission ?
Profit from stock below 1lack tax exempt?
Now increased to 1.25 lakh
mam what is the holding period for debt mutual fund for LTCG?
Maine May 24 me ak property sale kiya hain
Usme capital Gains kitna lagega