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 KZbin Channel (FinCalC TV). Please consult your Financial Advisor before taking any decision or action in terms of your Finances.

[@kumard3622]

Mr.Sumeeth your explanation of various examples in a detailed manner is very clear.keep doing.

[@musthafatk6595]

Good day sirji, could you pls create a video regarding the impact on tax while switching the broker as when we switch the broker, the new broker consider the investment as new purchase irrespective of how much year we have kept that stocks with the previous broker. Kindly request you to make a video on this. Thank you for your understanding as it will help thousands of people like me.

[@shayaribyak4769]

Me kewal swing trade karta hu annual income 2 lakh he toh koi tax nahi dena pdega na?

[@sanjaybondre7897]

Sir margin ka intt paid kiya hai vo stt se minus hoga kya

[@sudhakarkulkarni4010]

Sir Mera proprietary firm hai Uska sale 15lk hai aur stcg hai 60k To muze kuch tax Bharana padega

[@Kamleshmimrot]

Thanks

[@swapnilpachpande1176]

LTCG Calculation par ek Video Banaye Sir..

[@ume8684]

Only equity income STCG & LTCG Tax kitna & kaise pay karna padta hai, not any other business-salary income, only equity income tax...

[@nandansingh9160]

Sir I am a pensioner. My annual pension is 3.5 lakh. Interest on FD is approx Rs 60 thousand. My short term profit is Rs 1.8 lalk. How much tax I have to pay

[@prashanthts6623]

Sir, i am 45....for short term captain gains through cash market trading made around 14.5 lakhs..no other income like salary..Now please guide me how much tax I should pay and basic exemption allowed for me or not(Indian citizen) .please guide...Thanks❤❤❤

[@iftikarhussain797]

Tax pay kar Diya apne ?

[@ume8684]

32 Age hai, New tax regime main 7,00,000rs. STCG Income hai, & 2,50,000 LTCG Income hai No other income How many Rupees my IT Tax?

[@rajkumardora5764]

C A sumeet sharma ki vedio dekho kitne achhe dhang se samghaya hai

[@user-ze7pj3lk5c]

मैं नमस्कार मैं गूगल पर आपका आर्टिकल पड़ा है मैं एक कंफ्यूजन में हूं मैं fno में लॉस हुआ है 2023-24 में और इक्विटी में प्रॉफिट हुआ है शॉर्ट टर्म मे क्या यह प्रॉफिट एंड लॉस augest हो जाएगा या मुझे टैक्स पे करना है प्लीज गाइड मेम हेल्प मि 🙏🏻🙏🏻

[@shashikantrai5463]

If I get 2.5Lakhs as STCG and 1 lakh as LTCG. No other income. What will be my tax?

[@trollplaza5030]

Same question

[@sanjoymisra5309]

0

[@trollplaza5030]

Humre toh kaam wala point 14 minutes mein ate hai 😮😅

[@rajkumardora5764]

Kaam ki baat me english bola kuchh bhe samagh nahi aaya