WebLTCG on the transfer of agricultural land: Agricultural land is not considered as a capital asset if it is used for agricultural purposes. Hence, any gain from the transfer of such land is not subject to LTCG tax. LTCG tax on the transfer of equity shares or units of an equity-oriented fund is taxed at a lower rate of 10% if held for more than ... WebJan 27, 2024 · Long-term capital gains (LTCG) tax from sale of property can be saved, on gains of up to Rs 50 lakh, by investing in capital gains tax exemption bonds issued by …
Surcharge on Long Term Capital Gains and Income Tax Reduced …
WebFeb 3, 2024 · Long term capital gain (LTCG) - It is considered if it is for a period more than 36 months for regular assets and 12 months for equities and equity oriented mutual funds. ... Also surcharge and cess may be charged as and when applicable. Exemptions on Capital Gains from property in the Income Tax Act. Sale of house property by investing in up ... WebFeb 6, 2024 · However, long-term capital gains arising on unlisted securities attract a surcharge of as high as 37% in the case of individual taxpayers having an annual total … microsoft word where to buy
Budget 2024: Surcharge on long term capital gains capped
WebFeb 16, 2024 · Long-term capital gains taxes are a tax on profits from the sale of an asset held for more than a year. The long-term capital gains tax rate is 0%, 15% or 20%, depending on your taxable income... WebJul 11, 2024 · The deduction must include TDS plus surcharge, health and education cess 3 . Ready reckoner for LTCG TDS rates. Properties valued less than INR 50 lakh: Total tax … WebMar 10, 2024 · The long-term capital gains tax rates are 0 percent, 15 percent and 20 percent, depending on your income. These rates are typically much lower than the ordinary income tax rate. Sales of real... newshone