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Short Term Capital Gain

Latest Articles


Implication of Indexation of New Finance Act on Long & Short Term Capital Gain

Income Tax : Explore how changes in the Finance Act impact tax on long-term and short-term capital gains through revised indexation rates. Insi...

January 16, 2025 1974 Views 2 comments Print

Taxpayers Win- Case for Rebate u/s 87A on Short Term Capital Gains

CA, CS, CMA : Arjuna (Fictional Character): Krishna, I recently heard about a case where rebate under Section 87A was allowed on short-term capi...

November 26, 2024 7389 Views 4 comments Print

Why Income Tax Notices for Additional Tax on Capital Gains?

Income Tax : Taxpayers receiving income tax notices for additional tax on capital gains due to changes in Section 87A interpretation, affecting...

October 13, 2024 5481 Views 2 comments Print

Key Amendments to Capital Gains in Budget 2024-25

Income Tax : Explore key amendments under capital gains in the 2024-25 budget, including changes to buyback tax, indexation removal, and capita...

October 13, 2024 11529 Views 0 comment Print

Capital Gain Tax Exemption on Property under Redevelopment

Income Tax : Learn about capital gain tax exemptions on property under redevelopment, including eligibility under Section 54 and implications f...

September 23, 2024 33360 Views 5 comments Print


Latest News


Budget 2024: Capital Gains Taxation Simplified And Rationalised

Corporate Law : Finance Ministry's new capital gains tax: Short-term gains at 20%, long-term at 12.5%. Exemption limit raised to ₹1.25 lakh for ...

July 23, 2024 3789 Views 0 comment Print

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...

September 1, 2010 1965 Views 0 comment Print

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 margin...

September 1, 2010 2507 Views 0 comment Print

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 (R...

February 26, 2009 381 Views 0 comment Print

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

Finance : The decision to make half-yearly internal audits obligatory for stock broking houses spells doom for smaller firms that are alread...

September 12, 2008 606 Views 0 comment Print


Latest Judiciary


Disallowance of short term capital loss unjustified as no evidence disproves genuineness of transaction

Income Tax : ITAT Mumbai held that disallowance of short term capital loss not justified since there is no evidence on record based on which ge...

December 9, 2024 696 Views 0 comment Print

STCL Taxable at 15% Can be set-ff against STCG Taxable at 30%: ITAT Mumbai

Income Tax : Explore the detailed analysis of JS Capital LLC Vs ACIT (ITAT Mumbai) regarding the offsetting of Short Term Capital Loss (STCL) a...

May 5, 2024 1116 Views 0 comment Print

Deemed Short-Term Capital Gains from Depreciable Asset Sale Eligible for Setoff Against Long-Term Capital Loss

Income Tax : Explore how DCIT vs. Claris Lifesciences Limited case sets precedent for setting off deemed short-term capital gain on sale of dep...

March 21, 2024 1074 Views 0 comment Print

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

Income Tax : Explore the DCIT vs K.E. Faizal case where the ITAT Cochin ruled on taxation of mutual fund gains, analyzing the application of In...

February 19, 2024 3984 Views 0 comment Print

Capital Gain cannot be treated as bogus without giving reasons

Income Tax : Assessee has appealed against an order passed by CIT(A) and subsequent addition. Learn more about Capital Gain cannot be treated a...

October 21, 2023 6261 Views 0 comment Print


Latest Notifications


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

Income Tax : 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 M...

April 9, 2015 5234 Views 0 comment Print


Bonus stripping – Way to Save tax

August 4, 2018 28446 Views 7 comments Print

In bonus stripping, investors buy units within a period of three months  prior to record date, so by virtue of the their holding they receive additional shares unit as bonus without any cost and subsequently, sell the original holding at a loss once the stock becomes ex-bonus. This loss can be adjusted against their capital gains on other holdings. To curb this practice Section 94(8) came into picture.

Tax on sale of under construction property

August 3, 2018 41785 Views 6 comments Print

In case you sale a property booked by you before you you take the possession, the profits made on such sale will depend on the time interval between your date of booking the property and the date of agreement to transfer your right in the under construction property. In case the interval is not more than 24 months, the profits so made shall be treated as short term capital gains and shall be added to your regular income and taxed at the slab rate applicable.

Cryptocurrencies: Tax Implication

July 30, 2018 4968 Views 1 comment Print

Cryptocurrency is digital money. It is considered to be more secure that the real money. Cryptocurrency uses something called cryptography to secure its transactions. Cryptography, to put it in simple words is a method of converting comprehensible data into complicated codes which are tough to crack.

Income from Share Trading in the nature of business cannot be treated as ‘Capital Gain’

April 23, 2017 7962 Views 0 comment Print

Assessee is regularly in the business of purchase-sale of equity shares, share transactions entered during the year were in large number, funds were borrowed for the purpose of trading, no separate account has been maintained for the investment portfolio and all the transactions of purchase sale raised are only for one scrip namely Suraj Stainless Steel Ltd.

Property holding period should be computed from Allotment Letter date

March 26, 2017 5928 Views 0 comment Print

This appeal has been filed by the assessee against the order of the Commissioner of Income-tax (Appeals)-32 [hereinafter called CIT(A)]02-0-2015 passed against the assessment order of the AO u/s 143(3) dated 23-12-2013 for A.Y. 201-12 on the following grounds

Letter of allottment date must be taken as date of holding asset

March 6, 2017 4398 Views 0 comment Print

ITAT held that holding period should be computed from the date of issue of allotment If we do so, the holding period becomes more than 36 months and consequently, the property sold by the assessee would be long term capital asset in the hands of the assessee and the gain on sale of the same would be taxable in the hands of the assessee as Long Term Capital Gain

Budget 2017: Concessional tax rate on gain from transfer of unlisted securities

February 3, 2017 2136 Views 0 comment Print

Finance Act, 2012 with effect from 1st April, 2013 amended the provisions of section 112(1)(c) to provide concessional rate of taxation of ten per cent for long-term capital gains arising from the transfer of unlisted securities in case of non-resident.

Top 4 Expectations of Common Man from Union Budget 2017

January 18, 2017 17704 Views 4 comments Print

Since common man is directly affected by the income tax provisions every budget raises expectation levels of common man on this front. What the common man is expecting from finance minister this time?

Transfer of Securities whether to be considered as Capital Gain or Business Income

May 13, 2016 3607 Views 0 comment Print

It has been a constant tug of war between assessee and tax authorities on the classification of gains arising on the transfer of shares/securities as ‘capital gains’ or ‘business income’. Due to the lower tax incidence on ‘capital gains’, taxpayers prefer a ‘capital gains’ classification, while tax authorities usually attempt to tax these gains as ‘business income’.

Capital Gains for Resident Individual & HUF – F.Y. 2014-15

July 4, 2015 15084 Views 0 comment Print

I have prepared a chart on the subject matter of Capital Gain for FY 2014-15 on Shares and Mutual Funds after considering the recent amendments related to changes in taxation of shares and Mutual fund and Considering the complexity involved in the matter. I have tabulated information for quick reference and the same are self explanatory :-

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