Short Term Capital Gain

Understanding Short Term Capital Gain Tax: Rules & Benefits

Income Tax - Learn about short term capital gains tax under Section 111A: rates, exemptions, rebates, and conditions for applicability. Maximize tax benefits on equity investments....

Whether Income from Share Trading is Taxable?

Income Tax - Explore the taxability of different share market transactions in India. Learn about income tax rules for intraday trading, futures & options, capital gains, and dividend income....

Capital Gain on transfer of Securities and its taxation

Income Tax - Capital gains, their taxation, and how to save on capital gains tax. Learn about securities, their types, and deductions available under Income Tax Act....

Capital Gain – All you want to know

Income Tax - Computation of capital gain depends upon the nature of the capital asset transferred during the previous year, vis-à-vis, short-term capital asset, long-term capital asset or depreciable asset. Capital gain arising on transfer of short-term capital asset or depreciable asset is considered as short-term capital gain, whereas transfer of l...

Income Tax Provisions on Taxability of Capital Gain from Sale of Securities

Income Tax - In this article, we will discuss about the Income Tax provisions relating to both Short-term capital gain (STCG) and Long-term capital gain (LTCG) arising from sale/transfer of securities....

DTC: Jewellery, works of art, property to qualify as long-term investments even if held for a year

Income Tax - The Supreme Court will hear on September 10 the impleadment petition filed by the Forex Derivatives Consumers Forum along with the Special Leave Petition filed by Fixed Income Money Market and Derivatives Association of India (FIMMDA). Forex Derivatives Consumers Forum is a registered association of exporters from across the country, a ma...

Shares Income: LTCG remains exempt and Short Term Capital Gain taxable at half the rate under DTC

Income Tax - DTC Billproposes to tax short-term capital gains arising from stocks and mutual funds at half the marginal rate.So, if your marginal tax rate is 30 per cent, you will pay a short-term capital gains tax at 15 per cent. As far as long-term capital gains tax goes, it has been kept out of the tax net, subject to the payment of securities tran...

Taxman gears up to move apex court on its tax claims of around Rs 2,000 crore

Income Tax - The Income Tax department is all set to move the Supreme Court for a final judgement on its tax claims of around Rs 2,000 crore (Rs 20 billion) in cases involving dividend stripping prior to 2002-03. The taxman had lost the case in the Bombay high court last year. Though the government in 2005 put […]...

Half-Yearly Audit Rule Puts Small Broking Companies in a Spot

Income Tax - The decision to make half-yearly internal audits obligatory for stock broking houses spells doom for smaller firms that are already burdened with low-trading turnover, dipping revenues and increased policy levies. According to a section of brokers, half-yearly internal audits will not only be difficult to implement, but also make a dent i...

UAE Resident Assessee: Mutual Fund STCG Tax Exemption under India-UAE DTAA

DCIT (International Taxation) Vs K.E. Faizal (ITAT Cochin) - Explore the DCIT vs K.E. Faizal case where the ITAT Cochin ruled on taxation of mutual fund gains, analyzing the application of India-UAE Double Taxation Avoidance Agreement....

Capital Gain cannot be treated as bogus without giving reasons

Dhirubhai Kantilal Sharma Vs ITO (ITAT Ahmedabad) - Assessee has appealed against an order passed by CIT(A) and subsequent addition. Learn more about Capital Gain cannot be treated as bogus without giving reasons....

ITAT Mumbai Restores Set-Off Dispute: STCG vs. Non-STT Short-Term Capital Loss

Prem Naraindas Raney (Deceased) Vs DCIT (ITAT Mumbai) - Delve into the Prem Naraindas Raney Vs DCIT (ITAT Mumbai) case to understand the complexities surrounding the set-off of short-term capital loss against gains under section 70 and 71 of the Income Tax Act, 1961....

Short-Term Capital Loss Addition Unsustainable: Transaction Not Bogus

Lokendra Khandelwal Vs ITO (ITAT Jaipur) - ITAT Jaipur held that addition towards short term capital loss treating it as bogus unsustainable as transaction of purchase and sale of shares done through banking channel and STT duly paid thereon....

Disallowance of short term capital loss merely based on information from investigation wing is unsustainable

Naveen Kishor Mohnot Vs ITO (ITAT Mumbai) - ITAT Mumbai held that disallowance of short term capital loss incurred on sale of shares by mechanically applying the information received from investigation wing is unsustainable in law....

No capital Gain on Rollover/Extension of Fixed Maturity Plans (FMPs) in same scheme

Circular No. 6/2015-Income Tax - (09/04/2015) - CIRCULAR NO. 6/2015, Dated: April 9, 2015 no capital gains will arise at the time of exercise of the option in the case of Fixed Maturity Plans (FMPs) by the investor to continue in the same scheme. The capital gains will, however, arise at the time of redemption of the units or opting of the scheme...

Recent Posts in "Short Term Capital Gain"

UAE Resident Assessee: Mutual Fund STCG Tax Exemption under India-UAE DTAA

DCIT (International Taxation) Vs K.E. Faizal (ITAT Cochin)

Explore the DCIT vs K.E. Faizal case where the ITAT Cochin ruled on taxation of mutual fund gains, analyzing the application of India-UAE Double Taxation Avoidance Agreement....

Understanding Short Term Capital Gain Tax: Rules & Benefits

Learn about short term capital gains tax under Section 111A: rates, exemptions, rebates, and conditions for applicability. Maximize tax benefits on equity investments....

Posted Under: Income Tax |

Whether Income from Share Trading is Taxable?

Explore the taxability of different share market transactions in India. Learn about income tax rules for intraday trading, futures & options, capital gains, and dividend income....

Posted Under: Income Tax |

Capital Gain cannot be treated as bogus without giving reasons

Dhirubhai Kantilal Sharma Vs ITO (ITAT Ahmedabad)

Assessee has appealed against an order passed by CIT(A) and subsequent addition. Learn more about Capital Gain cannot be treated as bogus without giving reasons....

Capital Gain on transfer of Securities and its taxation

Capital gains, their taxation, and how to save on capital gains tax. Learn about securities, their types, and deductions available under Income Tax Act....

Posted Under: Income Tax |

ITAT Mumbai Restores Set-Off Dispute: STCG vs. Non-STT Short-Term Capital Loss

Prem Naraindas Raney (Deceased) Vs DCIT (ITAT Mumbai)

Delve into the Prem Naraindas Raney Vs DCIT (ITAT Mumbai) case to understand the complexities surrounding the set-off of short-term capital loss against gains under section 70 and 71 of the Income Tax Act, 1961....

Short-Term Capital Loss Addition Unsustainable: Transaction Not Bogus

Lokendra Khandelwal Vs ITO (ITAT Jaipur)

ITAT Jaipur held that addition towards short term capital loss treating it as bogus unsustainable as transaction of purchase and sale of shares done through banking channel and STT duly paid thereon....

Capital Gain – All you want to know

Computation of capital gain depends upon the nature of the capital asset transferred during the previous year, vis-à-vis, short-term capital asset, long-term capital asset or depreciable asset. Capital gain arising on transfer of short-term capital asset or depreciable asset is considered as short-term capital gain, whereas transfer of l...

Posted Under: Income Tax |

Income Tax Provisions on Taxability of Capital Gain from Sale of Securities

In this article, we will discuss about the Income Tax provisions relating to both Short-term capital gain (STCG) and Long-term capital gain (LTCG) arising from sale/transfer of securities....

Posted Under: Income Tax |

Taxation of Capital Gain in India – FAQs

What incomes are charged to tax under the head Capital Gains? Ans: Any profit or gain arising from transfer of a capital asset during the year is charged to tax under the head Capital Gains.​...

Posted Under: Income Tax | ,

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