Tax planning
Capital gains rate finder by asset and sale date (before or after 23 July 2024)
What this means, checked by a CA
The tax on a gain depends on what you sold, how long you held it and whether you sold before or after 23 July 2024. We read your buy and sell dates and tell you, asset by asset, whether the gain is short or long term, the rate, and the section under the old and new Income-tax Act.
₹999
Per event, + 18% GST
- Delivered in 1 working day after the list of assets with buy and sale dates
- Due: Before the sale for planning; at the latest before advance tax for the quarter of sale and the return
How we do it: IDFD
Every case runs through the same four steps: Information, Discussion, Forms, Deliverables. You see each one ticked as it happens.
InformationWhat we need from you · 6 items
List of assets sold or planned
Rate depends on asset type
Purchase date of each asset
12 or 24 month test
Sale date of each asset
Before or after 23 July 2024
Residential status
Indexation option only for residents
Whether STT was paidOptional
Needed for 20% and 12.5% equity rates
Previous owner's date, if inheritedOptional
Holding period includes previous owner
DiscussionWhat we discuss · 5 items
What exactly did you sell: listed share, equity fund, debt fund, gold, property, unlisted or foreign share?
Picks the section and rate
When did you buy and when did you sell?
Short or long term, old or new rate
Are you resident in India this year?
Indexation option and TDS differ for NRIs
Was the asset inherited or gifted?
Previous owner's date and cost
Is your other income below the basic exemption limit?
Unused limit reduces the gain
FormsForms we file · 5 items
Classify each asset and find the holding period rule
Where: Internal. Due: Before the sale
Test the sale date against 23 July 2024 and pick the rate
Listed equity: STCG 20%, LTCG 12.5% above ₹1,25,000; other long-term: 12.5%; land or building bought before 23 July 2024 by a resident individual or HUF: lower of 12.5% and 20% with indexation (CII FY 2026-27 is 384)
Where: Internal. Due: Before the sale
Write the asset-wise rate note with old and new section numbers
Where: Internal. Due: Within 1 working day
Pay advance tax for the quarter in which the gain arises
Where: https://www.incometax.gov.in. Due: Next advance tax date
Report in Schedule CG or 112A of the return
Where: https://www.incometax.gov.in. Due: By the return due date
DeliverablesWhat you get · 2 items
Asset-wise rate note
When: 1 working day
Flag list of assets needing full computation
When: With the note
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