Скачать или смотреть Save Long Term Capital Gain Tax On Equity With This Easy Trick: Benefit For Long Term Investors

Save Long Term Capital Gain Tax On Equity With This Easy Trick: Benefit For Long Term Investors
As per section 112A, long term capital gain on equity shares & equity oriented mutual fund is exempt up to Rs. 1 lakh and excess gain is taxable at 10%.


Also, if there is any Short Term Capital Loss then it can get set off from Short Term Capital Gain or Long Term Capital Gain. Further, Long Term Capital Loss can only set off from Long Term Capital Gain. So you can book the losses before 31st March, 2021 after proper planning and can offset the capital gains to save the taxes.


Book the short term capital loss before 31st March 2021 which will be set off against your existing short term and long term capital gain. Hence you can save 30% or 15% & 10% respectively.


Book your long term capital loss from your portfolio before 31 March 2021 which will be set off against long term capital gain. Hence you can save 10% tax which otherwise you are required to pay.


Book your long term capital gain to the tune of Rs. 1 Lakh before 31 March 2021 to get the exemption as per Section 112A.


If you want to hold your portfolio in the same securities, you may again buy the same immediately.