Gains Tax Rates for A.Y.2014-15 (F.Y.2013-14)
Capital
Gains Tax is defined under income tax act as profit or gains arising from the
transfer of capital assets effected during the previous year is chargeable to
income-tax under the head ‘Capital Gains’. So you have to pay income tax on any
capital gains during previous year. But income tax will not be charged as per
the income tax slab or rates. It will be charged as per capital gains tax laws.
We are here giving the capital gains tax rates chart including short-term
capital gains and long-term capital gains.
Computation
of Capital Gains
Ascertain
the full value of consideration received after transfer of any capital asset
Less:
Deduct expenses for transferring of that asset like legal expenses, brokerage
etc.
Less:
Purchase Value/Cost of acquisition/Indexed Cost of acquisition in case of Long-term
capital gains.
Less:
Cost of Improvement/Indexed cost of improvement in case of long-term capital
asset.
Balance
is Gross Capital Gain/Loss
Less:
exemptions u/s 54, 54B, 54D, 54EC, 54F, 54GA, 54GB, and 54H.
Balance
is Net Capital Gains/Loss which is chargeable to Tax.
The
following table will help you to calculate capital gains tax as per rates for
A.Y.2014-15
Capital
Gains Tax Rates Chart for A.Y.2014-15 (F.Y.2013-14)
|
Particulars
|
Short
Term
Capital Gains Tax Rates |
Long-term
Capital Gains Tax Rates |
|
Sale Transactions of Equity
Shares/Unit of any
Equity Oriented Fund which Attract STT Sale transaction other than mentioned above |
15%
Progressive Slab Rates |
NIL
20% with indexation: 10% without indexation for units/ zero coupon bonds) |
|
Individuals (Resident and
Non-Residents)
|
||
|
Firms Including LLP (Resident and
Non-Resident
|
30%
|
|
|
Resident Companies
|
30%
|
|
|
Overseas Financial Organsisation
Specified Section 115AB
|
40% (Corporate)
30% (Non-Corporate) |
10%
|
|
FIIs
|
30%
|
10%
|
|
Other Foreign Companies
|
40%
|
20%/10%
|
|
Local Authority
|
30%
|
10% without indexation
for units/zero coupon bonds)/ 20% for others |
|
Co-Operative Society
|
Progressive Slab Rates
|
Computation of Capital Gains
Ascertain the full value of consideration received after transfer of any capital asset
Less: Deduct expenses for transferring of that asset like legal expenses, brokerage etc.
Less: Purchase Value/Cost of acquisition/Indexed Cost of acquisition in case of Long-term capital gains.
Less: Cost of Improvement/Indexed cost of improvement in case of long-term capital asset.
Balance is Gross Capital Gain/Loss
Less: exemptions u/s 54, 54B, 54D, 54EC, 54F, 54GA, 54GB, and 54H.
Balance is Net Capital Gains/Loss which is chargeable to Tax.
The following table will help you to calculate capital gains tax as per rates for A.Y.2014-15
Capital Gains Tax Rates Chart for A.Y.2014-15 (F.Y.2013-14)
Particulars
|
Short Term
Capital Gains Tax Rates |
Long-term
Capital Gains Tax Rates |
|---|---|---|
| Sale Transactions of Equity Shares/Unit of any Equity Oriented Fund which Attract STT Sale transaction other than mentioned above | 15% Progressive Slab Rates | NIL 20% with indexation: 10% without indexation for units/ zero coupon bonds) |
| Individuals (Resident and Non-Residents) | ||
| Firms Including LLP (Resident and Non-Resident | 30% | |
| Resident Companies | 30% | |
| Overseas Financial Organsisation Specified Section 115AB | 40% (Corporate) 30% (Non-Corporate) | 10% |
| FIIs | 30% | 10% |
| Other Foreign Companies | 40% | 20%/10% |
| Local Authority | 30% | 10% without indexation for units/zero coupon bonds)/ 20% for others |
| Co-Operative Society | Progressive Slab Rates |
Computation of Capital Gains
Ascertain the full value of consideration received after transfer of any capital asset
Less: Deduct expenses for transferring of that asset like legal expenses, brokerage etc.
Less: Purchase Value/Cost of acquisition/Indexed Cost of acquisition in case of Long-term capital gains.
Less: Cost of Improvement/Indexed cost of improvement in case of long-term capital asset.
Balance is Gross Capital Gain/Loss
Less: exemptions u/s 54, 54B, 54D, 54EC, 54F, 54GA, 54GB, and 54H.
Balance is Net Capital Gains/Loss which is chargeable to Tax.
The following table will help you to calculate capital gains tax as per rates for A.Y.2014-15
Capital Gains Tax Rates Chart for A.Y.2014-15 (F.Y.2013-14)
Particulars
|
Short Term
Capital Gains Tax Rates |
Long-term
Capital Gains Tax Rates |
|---|---|---|
| Sale Transactions of Equity Shares/Unit of any Equity Oriented Fund which Attract STT Sale transaction other than mentioned above | 15% Progressive Slab Rates | NIL 20% with indexation: 10% without indexation for units/ zero coupon bonds) |
| Individuals (Resident and Non-Residents) | ||
| Firms Including LLP (Resident and Non-Resident | 30% | |
| Resident Companies | 30% | |
| Overseas Financial Organsisation Specified Section 115AB | 40% (Corporate) 30% (Non-Corporate) | 10% |
| FIIs | 30% | 10% |
| Other Foreign Companies | 40% | 20%/10% |
| Local Authority | 30% | 10% without indexation for units/zero coupon bonds)/ 20% for others |
| Co-Operative Society | Progressive Slab Rates |
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
Capital
Gains Tax is defined under income tax act as profit or gains arising
from the transfer of capital assets effected during the previous year is
chargeable to income-tax under the head ‘Capital Gains’. So you have to
pay income tax on any capital gains during previous year. But income
tax will not be charged as per the income tax slab or rates. It will be
charged as per capital gains tax laws. We are here giving the capital
gains tax rates chart including short-term capital gains and long-term
capital gains. - See more at:
http://www.lessmytax.com/capital-gains-tax-rates/#sthash.PcmLGvZC.dpuf
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