|Now with the financial year 2010-11 coming to a close, some of us would naturally wonder about the tax implications on our transactions this year.|
This POST is actually intended to enable a clear understanding on the capital gains tax and how it is computed. So here we bring our "Tax Primer" series for you.
|While in this first Tax Primer, we will talk about capital gains taxes and what are the applicable taxes on your transaction this financial year, in the second we will discuss 'short term capital gains tax' in detail.|
|Now, there are broadly two types of capital gains taxes in Securities transactions.|
|Let's take a look at an example which will explain the capital gains taxes in details.|
|Let us say Mr. Sharma has purchased securities A and B both on April 11, 2010 for a total price of 1,00,000 each. As on February 20, 2011, value of his investments is as follows:|
|In stock A, Mr. Sharma has profit of 30,000 and in stock B, Mr. Sharma has a loss of 50,000. Now he has the following 4 options to choose from taxation perspective:|
|So take a look at your portfolio and understand the possibilities of leveraging any potential capital gain/loss scenario for your benefit in consultation with your Tax Advisor. |
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Monday, March 7, 2011
Understanding Tax Implications to plan your Equity Investments:
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