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How to calculate rebate u/s 87A if total income includes STCG u/s 111A & LTCG u/s 112A - Vivek Goel
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- Опубліковано 12 сер 2020
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How to calculate rebate u/s 87A if total income includes STCG u/s 111A & LTCG u/s 112A? This video also covers situation where total income includes STCG u/s 111A & LTCG u/s 112A but income taxable at slab rates is less than exemption limit.
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Wow.. Fantastic.. Crystal clear.. My doubts are cleared.. You are really a good teacher.. Thank you so much. 💐💐
Sir, you are teaching each things with example of each senario with rules. Excellent 👌 Thanks very much.
Best video on capital gains in youtube I have ever seen.🙏
Very very very excellent video Sir. Even a school going child can understand from the way you explained the subject. Thank you so much . May God bless u.
After 4 days of confusion ... finally all doubt clear ... thank you sir
The Best Explanation Till the date I got 🔥💯🙌
you made the concept crystal clear 👌👌👌 LTCG - no 87A rebate
I was looking for this perfectly doubt solved
Repeatation of words irritating.
Speeches needs to be very concise and precise while sending to social media.However, examples are rightly set for understanding.
Bahut sara youtube channel dekha aap ke jaisa koi nahi samjhaya
Very clear explanation with example. Thanks a lot
Thanks sir, you have explained this concept in a very detailed and easy manner
Thanks. Very good way of explaining.
Very practical explanation
Easily understood
👍👍👍
Wonderful Explanation. Thank you very much.
Very nice Sir. Thank you.
Explained the concept in a very very nice way.
Thank sir for very easy explanation
Vivek, a lucid lesson. Thanks
Very informative, Thank u sir
Very well explained sir my so my doubts are clear ,,thanku sir
very nice explained.Thank you sir.
Thanks ..It was very informative specially to an ordinary tax payer like me ..
The problem is new portal is showing tax mismatch.... when individual just keys the data and calculation is done by system how does one get over the situation and validate return
Would like to say a big THANK YOU!!!!!!
TQ sir it is very useful
Best video till date
Very informative, thanks Sir
I was looking for this.Thankyou sir
Good explanation ❤
Wondrful wonderful awsone explanation
I am fan of urs
You are really very good person.
Excellent explanation
Great sir, very informative
Bahut achha samjhate hai aap
Yeah, you are back :)
Excellent video thanks
I am an investor..now clear about my Taxation
Concept very well explained... Informative, precise and clear..
Thankyou sir..
Where there is both LTCG 112A and STCG 111A and unexausted basic exemption limit is also there. Then can't the Basic exemption limit be adjusted against both the incomes rather than setting it off from any one special income ?
@@montyshoots8709 yes you can do that but in that case you wil have to decide how much to set off from both LTCG and STCG. And if you decide to set off equally to the amount of inexhauste limit then you should try and calculate the tax after applying the situation..you wil see that the tax amount wil be somewhere more than 5200 and less than 10400 as in our last case. And as a tax payer we wil always want to pay less tax. So it wil not be advisable. We need to find the best case where the 5ax liability is lowest. as you wil increase the set off from LTCG you tax liability wil keep on increasing from the tax liability under situation where while amount is set off from STCG. I hope i have made my point clear.
Sir your video is very nice.thanks for this.
How we can set off in itr
Sir aap ka explanation ka tarika superb hai
thank you sir
Great explanation
Excellent video
very good example. can we adjust partly long term gain and partly short term gain
excellent
Does these section stand goo as on July 2021.or are there any changes
Really awesome
Thank you
Sir you cleared concept very nicely, but in Itr tax IA auto populated & we don't have choice to select.which gain to set off.
Dear Sir, Many thanks for your video. My GTI for the F.Y 2022-23 was Rs. 70 K after deducting S/D. My investment U/S 80C was Rs. 18 K. But, my LTCG & STCG U/S 111A was Rs 10 Lacs & 2 Lacs respectively. In the FY 2021-22 there was a short term Cap. loss of Rs. 2.30 Lacs in the F& O segment. Now, how can I set off the previous losses & show my tax liability as NIL with the help of Basic Exemption limit rule? Looking for your early reply.
My previous financial year short term and long term capital gains were Rs330000 and 98000respectivly.My total tax calculated by income tax department was nil.
sir can you please tell me about standard deduction in the first example (111A)
Can i setoff partially from ltcg and stcg both? as from your second example - 100000 salary 150000 ltcg 150000 stcg . i setoff 50000 from ltcg and 100000 from stcg. so remaining 50000 taxable income from stcg. tax 7500. 87a rebate 12500. tax become nil. is this possible?
If my redemption amount is 20000/- from my SIP, which was started on 01/01/1915 @ 5000/- per month.. Whether the gain is to be treated as stcg or ltcg?
Sir debt oriented Mutual funds STCG and LTCG where we need to enter in ITR2.
Sir ltcg or stgc income pr 80c ka dedicution milega kya
Sir , in your questions , if we add 80c deduction , kindly explain
thanks sir
really helped
Outstanding
sir if 80c benefit is available then, other income will be taken after deducting 1.5 lakh of 80c?? and then can we set off the balance from 2.5 lakhs with STCG/LTCG????
Sir mera income after deduction 490000 hai, but jab 90000 ka mutual fund ka long term capital gains itr 2 section 112A me feed kr rha hu to income me add ho ja rha hai aur 12500 ka rebate nhi mil rha. 12000+cess tax payable ho ja rha h.
Kya aisa hota h ya tax rebate milega?
Sir mujhe FY 20-21me 160000 Hard Area allowence mila tha jo ki pichle 3 year ka tha . Sir is hard allowence ka 40 % u/s10 exempt hota h .sir jb y arrear mila h to koi exempt nhi diya gya . Sir btaye ki exempt allowence ke arrear ka exemption hoga ya nhi . Kaise exmpt hoga
Hello sir , very useful and detailed information! Sir , i have a case where LTCG is 80k , STCG is 3k and salary is 6lac. Please help me to compute tax
Sir mujhe grandfather's concept in short term capital gain and long term capital gain may kaise Calculate kare, means which lower and higher amt is arrives, please guide me with example.fairmkt value ka quantity ka total and sales price ka total, dono me konsa lena chahiye? yeh pura concept with example guide me ASAP
If I m wrong please clear this point..
in ITR2, amount eligible for deduction is showing less than actual amount if investment in 80CCD1 and 80CCD2.....WHY??
New tax regime income under 3L , suppose 2.5L . Property sell LTCG 6L . What will be the tax rate 20% on 6L? Or deficiency will be counted?
Standard deduction, 80c less karke salary income 4.90 lack banti hai.
LTCG from equity mf is 25000 jo ki 1lac tak exempt hai.
STCG from equity mf is 12000.
Will I get 87A rebate
Thanks.Very useful information explained in way easy to understand.
My question is whether 87A rebate is applicable to the taxable amount which is below 5 lakhs which is inclusive of Short Term and/ or Long Term Capital Gain. For example my Long Term Capital Gain is Rs.60000 and other taxable income is 470000/- whether I am entitled to tax rebate U/S 87 A. Please reply immediately.
No
If other income is 4.8 lakhs and 112a is 30,000, what will be be total tax liability? 87a rebate will be applied or not?
Sir me 8000 per months me job karta hu or abhi maine intraday trending karna start kiya hai or me share ko shot term me sell bhi kiya hai jisse meri yearly selary 1 lekh something hai or agar me stock se 1 year me 1 lekh profile leta hu to total mera 1 year k 2 lekh hua tab bhi mujhe income tex fill karna padega share se profit k
Hi,
Very Nice with your workedout cals. But if you also present in English or with subtitles in Eglish, it will be most welcomed.
Sir if there is salary income then we already have standard deduction 50k
I deduction then what calculation
If income is from LTCG 3.5 lakh &
STCG 3.5 Lakh & other is nil then
how much tax have pay pl clear.
Very nice sir. Just one question that can we take equal or mix amount of both gains for tax calculation? Is it allowed?Just for knowledge sake 🙏
In my opinion, it should be allowed. If we can fully set off STCG/LTCG against basic exemption limit subject vto maximum limit, then why can't partially.
If short term capital gains is Rs350000 and long term capital gains is Rs 98000 what will be total tax
Apani vidio Saras he kya 80c ni benefit share longterm gain me kese le sake he
Capital loss how to adjust
Sir agr koi job na krta ho to STCG ka slab kya hoga
Sir, Many thanks for your guidance. My total income from salary for the FY 2021-22 is Rs. 4,10,000 & so I belong to the tax slab (2.5L- 5L). The unexhausted amt. in my tax slab is Rs. 90,000. The STCG from the sale of shares U/S 111A is Rs. 25,725 & the tax on it is Rs. 4013 (i.e 15% on Rs. 25,725+ cess).
Now, my questing is, is it taxable? Because if I deduct Rs. 25,725 from Rs. 90,000 (i.e unexhausted amt. ) the tax is NIL.
No it’s not! If your tax under 111A is coming above 12500 then only you need to pay.
If long term and short term capital gains is 330000 and 101000 total tax will be 12000+10100-12500 equal to 9600. On other case if short term capital gains 330000 and long term capital gains Rs99000 total tax will be 12000+0-12000 equal to nil. Is it possible?
If source of income is only salary tb kya hoga
Ultimate explanation 😊
sir my NTI is 495000/- and 112A income is 93000/-. can I claim 87A or not. Kindly reply sir
Where there is both LTCG 112A and STCG 111A and unexausted basic exemption limit is also there. Then can't the Basic exemption limit be adjusted against both the incomes rather than setting it off from any one special income only ?
Exactly. See my calculations of tax. Tax will be NIL
Sir my income is 1,10,000 from fd. I also earned 50000 from mutual fund. Which was short term capital gain. Kindly guide me which ITR form is applicable and tax to be paid.
Very good video in detail. But the total income of
pension 80500
S. Dedu. 50000 (-)
Pension 30500
Sr. Citizens 184000(+)
VV yojna 120000(+)
Bank int. 300000(+)
Gross income 607500
Rebate -80c 150000
80TTB 50000
80GG 60000
80D 15000
N. Income 332500
Sr. Citizens assesse
Short term capital gains ₹70000/-
Is in this case short term tax is
₹ 10500/-+ 420/-= 10920/- tax
Sir, is in this case 87A rebate
₹ 10000/- to Sr. Citizens apply or not for FY 2023-24
Or include short term capital gains in Net total income become;
Rs. 402500 . Kindly answer the quarry 🙏
What about Ltc B/f losses adjustment
Please video send per day ITR Information
Sir.
Last problem me
112A se 50000 liya (remaining 100000 exempted , that's mean 2.5 L pe tax nhi ayega 112A se or 87A ka vi benifit milega)
Remaining 2 lakh will be taken from 111A .
Remaining balance on 111A = 50000
Iske upor tax calculate kiya .
87A ka vi benifit vi milega tb to tax or vi km ho jayega?
Hi, I want to know if the method explained by you is valid? Can we set off partially from LTCG and partly from stcg.
Sir, what if someone partially set off STCG of Rs 100000 and LTCG of Rs. 50,000 to claim basic exemption limit of Rs. 2,50,000. In that scenario, taxable STCG would be Rs. 1.5 lakh- Rs. 1 lakh= Rs . 50 K. Taxable LTCG - Rs. 1.5 lakh - Rs.50 K= Rs. 1 lakh and other income be Rs. 2.5 lakh..
Tax on STCG - 7500
Less 87A rebate- 7500
Net tax - NIL
Tax on LTCG - Nil ( nil tax for Rs. 1 lakh )
Other income - Nil ( basic exemption limit)
Total tax - NIL.
Sir new tax slabs 23/24 ke according examples dijiye
Sir I am sr citizen 73 yr can I talk to you on this subject
Here, in the last minute , you calculated LTCG tax without eliminating 1L that means total tax 10% should be calculated on rest 1.5L. Kindly clear the doubt.
Sir my sakary income after claiming rebate is 4.47 lakh and my ltcg on MF is 70000 . In ITR 2 filing I am not getting 87a benefit. In my view 70000 ltcg in mf is below taxable limit . Kindly explain whether 87A is applicable or not. Plz reply early as I have to proceed ITR before due date and will be required to pay tax.
Mere sath bhi yahi problem hai, kya aapko koi solution mila, please bataiye
You will not get rebate as total income is >500000.
Kuch pata chala aapko... Same case mere saath bhi hai...
सर, मैं एक सैलरीड पर्सन हूँ। मेरी ग्रॉस सैलरीड इनकम 5 लाख से ज्यादा है। STCG 35 हजार है। मुझे कितनी रिबेट मिल सकती है।
My interest income is Rs. 400000/-, LTCG - Rs.389000/- , STCG - Rs.2500/-, ELSS investments - Rs.150000/- . What will be Tax Liability?
Pl. give reply with Calculations.
Sir last equation me jab aapne 2.5 lakh ltcg se set off Kia to 1 lack pr tax to free hota hai.. To wo 1 lakh stcg k Sath setoff kiu nahi kia?
Tax on Rs 98000 of long term capital gains is Nil and tax on Rs330000 of short term capital gains will be Rs 12000/ total tax after rebate under sec87A will be nil