Short Term Capital Gains Tax Calculation | Income Tax on STCG @15% with Examples in Hindi

Short Term Capital Gains Tax Calculation | Income Tax on STCG @15% with Examples in Hindi
In this video by FinCalC TV we will see Taxation on Short Term Capital Gains or STCG in Hindi. Short Term Capital Gains tax can be easily calculated on the gains made on shares or equity mutual funds by calculating profits within 1 year of selling of shares or equity mutual funds. STCG tax rate in India is 15% irrespective of the income tax bracket you belong to and we will see calculations with examples. So let us understand Income tax on short term capital gains with examples. We will also understand What is Capital Gain, Section 111A for STCG with Examples, Income Tax on STCG Example, Basic Exemption Limits for age groups, STCG adjustment with Basic Exemption Limit with examples, etc.
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CHAPTERS:
00:00 Short Term Capital Gains Tax Calculation Intro
01:03 STCG Tax Rate kya hai?
01:59 Capital Gains in Stocks or Mutual Funds
02:51 Section 111A kya hai?
03:14 STCG Examples under Section 111A
05:21 STCG Tax Calculation Example
10:22 Basic Exemption Limits for Taxation
11:21 Tax Examples of Basic Exemption Limits
12:54 STCG Tax Adjusted with Basic Exemption Limit
16:47 Can you claim deductions against STCG?
17:46 Conclusion
WHAT IS CAPITAL GAINS?
Profits or gains arising from transfer of a capital asset are called “Capital Gains” and are charged to tax under the head “Capital Gains”.
WHAT IS SHORT TERM CAPITAL GAINS?
For shares of companies or equity mutual funds the period is 12 months. So shares or equity mutual funds sold within 12 months from the date of purchasing and making profits on such selling will be termed as Short Term Capital Gains.
Examples of STCG covered under section 111A:
- STCG arising on sale of equity shares
- STCG arising on sale of units of equity oriented mutual fund sold through a recognized stock exchange which is chargeable to STT
- Short term capital gains arising on sale of units of a business trust
- STCG arising on sale of equity shares, units of equity oriented mutual fund or units of a business trust through a recognized stock exchange located in any International Financial Services Centre and consideration is paid or payable in foreign currency even if transaction of sale is not chargeable to securities transaction tax (STT).
SHORT TERM CAPITAL GAINS TAX RATE
STCG covered under section 111A is charged to tax @ 15% (plus surcharge and cess as applicable).
Normal STCG, i.e., STCG other than covered under section 111A is charged to tax at normal rate of tax which is determined on the basis of the total taxable income of the taxpayer.
TAXATION ON SHORT TERM CAPITAL GAINS
Watch examples in Video and Website link above
ADJUSTMENT OF STCG AGAINST BASIC EXEMPTION LIMIT
Only a resident individual and resident HUF can adjust the exemption limit against STCG covered under section 111A. Thus, a non-resident individual/HUF cannot adjust the exemption limit against STCG covered under section 111A.
Watch Examples in Video.
#STCG #ShortTermCapitalGains #STCGTax #IncomeTax #fincalc
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DISCLAIMER:
Examples and demo used are for Illustration purpose only and might not cover every detail of examples shown.
I Am Not A SEBI Registered Adviser. All The Information Provided By Me Are For Educational/Informational Purposes Only. We Do Not Take Any Responsibility For The Accuracy Of The Data But As It May Contain Typographic Or Other Errors And Inaccuracies And We Expressly Disclaim Liability For Any Errors On The UA-cam Channel (FinCalC TV). Please consult your Financial Advisor before taking any decision or action in terms of your Finances.