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AI Image : STCG, EPF Withdrawal And Capital Gains Tax

STCG On Capital Assets Are Taxed At Slab Rate Except For Gains Made On Shares, Equity Mutual Funds

The benefit of a flat 20 per cent STCG is available only on listed equity shares and units of equity-oriented mutual funds on which STT has been paid. Withdrawal of PF before five years is exempt from tax only in case of employee’s job loss due to ill health or closure of the employer’s business. Capital gains on sale of land can be saved by investing the sale proceeds for the purchase of a residential house or by investing them in specific bonds

BY Balwant Jain

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What’s Your Money Personality?

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