WebApr 18, 2024 · Tax rules have changed in the past two years. Dividends are now taxable, as are long-term capital gains beyond Rs 1 lakh. While it is possible to manage and adjust the tax on capital gains, the dividends are added to income and taxed at normal rates. So, don’t go for the dividend option in your ELSS fund. WebYou are liable to pay tax on Net Short Term Capital Gains. This means that if you have earned Rs. 5,000 on trading in Company “X” and booked a loss of Rs. 3,000 on sales of …
Can I sell my mutual fund investments, invest the money in ELSS?
WebApr 13, 2024 · The short-term capital gain tax rate for shares other than Section 111A is at the standard tax rate. For individuals, it is per the income tax slab rate of the individual. Short-term capital gain is not tax-free. Taxpayers with the lowest income will be liable to short-term capital gain tax at ten per cent. Below is a list of a few instruments ... WebApr 4, 2024 · You will no longer enjoy the long-term capital gains (LTCG) tax benefits and indexation benefits on debt mutual funds. 31 Mar, 2024, 06:13 PM IST. Ten Income Tax … sydney raye smith
What Is Short Term Capital Gains Tax on Shares? 5paisa
Web13 hours ago · Apr 14, 2024, 07:30AM IST Source: TOI.in. Old vs new tax regime: Have you opted for the new income tax regime for financial year 2024-24? If yes, then some … WebMar 15, 2024 · Say, in January 2024 you invested Rs 1 lakh in ELSS mutual funds. In January 2024, it completed the mandatory lock-in of three years and can be redeemed … WebJan 22, 2024 · Since ELSS funds must be held for at least three years, any proceeds gained from the sale of those units would be considered long-term capital gains (LTCG), which are subject to a 10% tax rate on ... sydney rainfall to date 2022