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Capital Gain Tax Filing
Long-Term Capital Gains Taxs
Expert Assistance in TDS Returns & Long-Term Capital Gains Tax Planning
Filing taxes can be confusing—especially when it comes to TDS returns and Long-Term Capital Gains (LTCG) tax. At Solutronix Solutions, we simplify the entire process for individuals, professionals, and businesses while helping you legally reduce your tax burden.
📌 Understanding TDS Returns
A TDS Return is a quarterly statement containing critical details required for income tax compliance. Solutronix ensures this information is accurately reflected in your Form 26AS.
Who Should File?
- Companies and employers
- Professionals under tax audit (Section 44AB)
- Government departments
- Individuals deducting TDS on Salary, Interest, Commission, or Property transactions
📊 TDS Rate Overview: Rates vary between 1% to 30% depending on income nature. Our experts ensure correct deduction to avoid heavy penalties.
📌 Tax on Long-term Capital Gain
In India, profits from the sale of assets held for more than 24 months are subject to long-term capital gains tax. The kind of asset and the relevant tax legislation determine the tax rate on long-term capital gains. If long-term capital gains exceed INR 1 lakh, long-term capital gains tax is currently assessed on listed assets at a rate of 12.5%. However, long-term capital gains will not be subject to taxation if securities transaction tax (STT) was paid on the acquisition and sale of the securities. The long-term capital gains tax rate for other assets, such as gold or real estate, is 12.5%, with an indexation advantage. This indicates that the asset's purchase price, adjusted for inflation, determines the tax rate.
📅 TDS Return Filing Due Dates
| Quarter | Period | Due Date |
|---|---|---|
| Q1 | Apr – Jun | 31 July |
| Q2 | Jul – Sep | 31 Oct |
| Q3 | Oct – Dec | 31 Jan |
| Q4 | Jan – Mar | 31 May |
💰 Long-Term Capital Gains (LTCG) Tax
Profits earned from selling assets held for a longer period (Property, Shares, Mutual Funds, Gold) are taxed as LTCG.
| Asset Type | LTCG Tax Rate |
|---|---|
| Equity / Mutual Funds | 12.5% (above ₹1.25 lakh) |
| Property / Gold | 12.5% |
How We Help You Save Tax:
- Section 54: Under Section 54, an individual or Hindu Undivided Family will be exempted from paying long-term capital gains tax if they sell a built-up house and use the capital gain to purchase or construct a new residential property.
- Section 54F: Under Section 54F, when an individual or a Hindu Undivided Family sells any capital asset other than a residential property and utilises the capital gain to purchase or build a house, then the total value will be exempted from taxes.
- Section 54EC: One can also follow Section 54EC to save on long-term capital gains tax by transferring the total amount to acquire bonds issued by NHAI and RECL. The list of these bonds is available on the official website of Income Tax Department of India.
- A capital gain account scheme allows an investor to enjoy tax exemptions without purchasing a residential property. The Government of India allows the withdrawal of funds from this account only to purchase houses and plots.
❓ Frequently Asked Questions
What is Long-Term Capital Gains Tax?
It is a tax on profit earned from selling assets (like property or shares) held for a long period of time.
How to Calculate Long Term Capital Gains Tax?
To compute long-term capital gains tax, remove the asset's initial purchase price from the selling price, then apply the relevant tax rate. The tax rate on long-term capital gains varies by jurisdiction and asset category.
How to Reduce Long Term Capital Gain Tax?
Long-Term Capital Gains tax can be reduced by using strategies such as holding the asset for more than a year, tax-loss harvesting, donating appreciated assets to charity, investing in tax-advantaged retirement accounts, and considering tax-efficient investment strategies such as index funds or ETFs.
When to Pay Long Term Capital Gains Tax?
Long-term capital gains tax is usually paid when an asset is sold for a profit. The tax due is computed based on the sale profits, and the appropriate tax rate is defined by the nation and the kind of asset sold.
In some situations, estimated tax payments may be required throughout the year, with the actual tax return and payment due by the tax filing date.
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