Rajiv Mittal & Associates - Chartered Accountant

Stock market profits are great, but are you calculating your net returns after tax? 📉💰

If you are buying or selling shares and equity mutual funds, here is exactly how much tax you owe on your gains for this financial year:

✅ For Regular Stock Market Trades (STT Paid):

• Held for less than 1 year (STCG): 20% Tax
• Held for more than 1 year (LTCG): 12.5% Tax

👉 Bonus: You don't pay any long-term tax on the first ₹1.25 Lakh of profit every year!

⚠️ For Off-Market / Unlisted Trades (Non-STT Paid):

• Short-Term Profits: Added directly to your total income and taxed according to your personal Slab Rate.
• Long-Term Profits: Taxed at 12.5% flat (No indexation).

Don't let taxes surprise you at the end of the year. Smart tax planning can save you thousands of rupees!

🌐 Have questions about booking your profits or tax-saving strategies? Drop a comment below for professional guidance.

Are you making these 3 common mistakes while filing your Income Tax Return (ITR)? 📉

Leaving your tax filing until the last minute or submitting incomplete details can lead to unnecessary notices from the Income Tax Department. Protect your hard-earned money and peace of mind by keeping these points in mind:
1️⃣ Choosing the Wrong ITR Form: Ensure you select the correct form based on your income sources (Salary, Business, Capital Gains, etc.).
2️⃣ Ignoring AIS and Form 26AS: Always reconcile your income details with your Annual Information Statement (AIS) and Form 26AS to avoid mismatches.
3️⃣ Inaccurate Deduction Claims: Keep valid proofs and documents ready for all deductions claimed under Sections 80C, 80D, etc.

Tax laws can be complicated. For error-free filing and financial compliance, always consult a certified professional (CA). 💼