The profit that an investor gets after selling a capital asset is known as a capital gain. Capital gains are of 2 types – short-term and long-term. Short-term assets are held for less than 36 months while long-term capital assets are those held for 36 months or more. Let me tell you how to calculate short term capital gain.
Short Term Capital Gains Calculator Table| Particulars | Amount |
Sale value of an asset |
Xxx |
Minus: Expenses incurred in the course of transfer of the assets (such as brokerage, commissions, etc.) |
Xxx |
Net Sale |
Xxx |
Minus: The purchase price of an asset (cost of asset acquisition) |
Xxx |
Minus: Expenses incurred to improve the purchased asset (Cost of asset improvement) |
Xxx |
Total short term capital gain |
Xxx |
Do you know how much is short term capital gains tax? Let me tell you that short-term capital gains are taxable at 15%. If you find it difficult to calculate the short-term capital gains, then worry not. There are several short term capital gains tax calculators available online, which you can use for the calculation. I prefer Money Control’s calculator because it’s simple and easy to use.
Money Control’s Calculator
Read more:
How to avoid capital gains tax in India?
How to save long term capital gain tax?
How to save capital gain tax on sale of land?
I hope you like my answer on how to calculate short term capital gains tax.
How to calculate short term capital gain?
Shekhar
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2021-09-09T16:52:41+00:00 2021-09-14T19:20:18+00:00Comment
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