Help regarding payment of capital gains tax
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I dont file itr as my income is not in taxable rates.. Haven't filed itr till date but in year 2023-24 I have gained more than 1 lakh from share market for which I have to pay capital gains tax... At 15%
How to pay it? And also I have taken more than 40000 loss... And around 1.5 lakh gain... How to calculate tax in this situation...?
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https://www.desidime.com/discussions/help-regarding-payment-of-capital-gains-tax?page=1#post_10039962
Do you have income from any other source? if not then gain upto 7.5L is exempted in new tax regime, except long term capital gain
https://www.desidime.com/discussions/help-regarding-payment-of-capital-gains-tax?page=1#post_10040293
Even stcg? Isn't that adjustable upto 2.5lacs of taxable income?
https://www.desidime.com/discussions/help-regarding-payment-of-capital-gains-tax?page=1#post_10039868
FnO / Intraday?
This may help you understand the concept: https://zerodha.com/varsity/module/markets-and-...
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You do not have to pay any tax if your income from all the sources including capital gains does not exceed the basic exemption limit. For general category the basic exemption limit is 2.50 lakhs. For individuals who are resident of India and who have completed 60 year but yet to complete it is 3 lakhs.