Income below ₹12L: 0 tax on STCG from equities?
Individuals and Hindu Undivided Families (HUF) earning incomes below ₹12 lakh can still benefit from the basic exemption limit under the new tax regime, which allows them to reduce their capital gains tax liability. This applies to short-term capital gains from specified listed securities, as well as long-term capital gains. However, non-residents, firms and companies are not eligible to claim this adjustment.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
