Short Term Capital Gain Tax Calculator
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- Short Term Capital Gain
- ₹ 50,000
- Tax Amount
- ₹ 7,500
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A short-term capital gain is the profit earned from the sale of an asset that has been held for a short period, typically less than 36 months. For assets like listed equities, the holding period is reduced to less than 12 months. These gains are taxed at a higher rate compared to long-term capital gains.
The tax on short-term capital gains is calculated by applying the short-term capital gains tax rate to the gain. For example, in India, short-term capital gains on the sale of equity shares or equity mutual funds are taxed at a flat rate of 15%, provided securities transaction tax (STT) has been paid on the sale.
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FAQs
Find answers to frequently asked questions to help you understand our platform better.
Generally, there are no exemptions available for short-term capital gains. The entire gain is taxed at the applicable rate. However, in some cases, losses from short-term capital gains can be set off against short-term capital gains or carried forward to offset gains in subsequent years.
Yes, short-term capital losses can be used to reduce taxable income by setting them off against short-term or long-term capital gains in the same year. If the losses are not fully utilized, they can be carried forward for up to eight assessment years to offset future capital gains.
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