Long term capital loss in the stock market

Hi, 
To simplify my query, I have divided into smaller questions as below:

Q1. My first question is about the long term capital loss. I had a stock for years and was waiting to exit but ultimately had to exit in this financial year with a loss of 6 lac.
Now just wanted to if that can be adjusted against the total income of the year which includes Salary and Rental income and I can get some tax benefit.

Q2. I fall in the 30% tax bracket, what will be the net % of tax, I need to pay on the short term capital gain from Stock market while calculation of the income tax.

Q3. I had some stock options of a company which vested two years back but I exercised a percentage of those options in this year(Stock options and not RSU). The amount which I will get, can that be adjusted against the long term capital loss which happened in this financial year? 

Thanks a lot,
-manoj
Asked 15 days ago in Capital Gains Tax from hyde, Telangana
Hi Manoj

1. No. LTCL can be set off only against LTCG.

2. STCG on STT paid stocks are taxed @15%.

3. No.
Lakshita Bhandari
CA, Mumbai
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1. Long term loss on equity shares cannot be set off.

2. Tax on short term capital gain in case of equity shares has to be paid @15%.

3. No
Abhishek Dugar
CA, Mumbai
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Hi

2. Yes. It will be taxed @ 15%.

3. The difference between the sale price and FMV as on the exercise date shall be taxed as STCG @ 15%. In addition, the difference between the exercise price and FMV as on exercise date shall also be taxed under respective heads; e.g. under salary if these were ESOPs.
Lakshita Bhandari
CA, Mumbai
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Hi Manoj,

1. Yes, net tax is going to be 15% on short term capital gain from stock market irrespective of which income slab you fall.

2. Please let me know if those RSU stock are listed in any Indian stock exchange or not.

Please feel free to call/ revert in case you need more clarity.

Thanks and regards
Abhishek Dugar
CA CS B.Com

Abhishek Dugar
CA, Mumbai
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This query is specifically addressed to other experts and I have nothing more to add.
B Vijaya Kumar
CA, Hyderabad
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It appears that the query is already resolved by Abhishek/ Lakshita. Please feel free to get back in case any part of your query has been left unanswered.

Rohit R Sharma
CA, Mumbai
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Query specifically asked to Mr. Abhishek.
Rohit R Sharma
CA, Mumbai
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It appears that the question has been taken care of by other experts. Feel free to get back for any unresolved part.
Keerthiga Padmanabhan
CA, Greater Mumbai
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This query is specifically addressed to other experts.
B Vijaya Kumar
CA, Hyderabad
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In case of unlisted shares, LTCG will be at the rate of 20% and STCG wil be at the rate of 15%.

Please feel free to call/ revert in case you need more clarity

Thanks and regards
Abhishek Dugar
CA CS B.Com
Abhishek Dugar
CA, Mumbai
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