Capital Gain - GST Registration, GST cancellation, GST Return Filing

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Capital Gain


Capital Gain

Particulars
Rate
Holding Condition
Short term capital gain (Shares)                       
15%
Less than 12 Months
Long term Capital gain (Shares) upto 1 Lacs
Nil
More than 12 months
Long term Capital gain (Shares) more than 1 Lac
10%
More than 12 months
Short term Capital gain (Property)
ITR Rates
Less than 24 Months
Long term Capital gain (Property)
20%
More than 24 months
Long term Capital gain (Unlisted Securities)
10%
More than 12 months

Rules
  • Shares sales purchase count in FIFO method
  • Bonus share value count nil
  • Expenditure incurred in connection with transfer (like stamp duty, registration charges, legal fees, brokerage etc.) are allowed as deduction.
 
Section 54
Particulars
u/s 54
u/s 54B
u/s 54EC
u/s 54F
Who can claim
Ind/HUF
Individual
Any Person
Ind/HUF
Eligible Assets sold
Residential Property
Agriculture Land
Any long-term capital assets
Other than Residential Property
Assets to be acquired for exemption
Residential Property/ Plant & Machinery
Agriculture Land
Bonds of NHAI or REC
Residential Property /Plant & Machinery
Time limit for acquiring new assets
Purchase: 1 year back or 2 years forward Construction: 3 years forward
2 years forward
6 months forward
Purchase: 1 year back or 2 years forward Construction: 3 years forward
Exemption Amount
Capital gain or Investment whichever is lower
Capital gain or Investment whichever is lower
Capital gain or Investment whichever is lower (Max 50 L)
Investment / sales amt x capital gain
“ Capital Gain deposit account scheme” apply
Yes
Yes
No
yes

Conditions:

  • This condition is applicable only these property which he has more than 2 years
  • He can’t sale the house property for 2 years
  • He can invest the capital gain amount in Ruler Electrification Corporation Ltd or National Authority for three year period within 6 months from date of transfer of asset.
  • He can save up to 50 Lac capital gain by bonds scheme. If property sale in second half than we can save Rs. 50 lacs two times (being financial year change)
  • If invest in property after 2 years sale, the amount compulsory to deposit in capital gain account in bank.
  • If purchase deal not done in the financial year than the money deposit to capital gain saving account and fund of this account is used only for purchase of asset.

 Tips: For save tax in Short term capital gain do purchase Bonus announcement Bonus Shares. Sale the base shares after received bonus shares and sales the bonus shares in next financial year


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