Short Term Capital Gain:
a) Taxed at normal rates as applicable to various assesses.
b) In respect of listed securities transferred on or after 1-10-2004 on which STT paid, section 111A will apply i.e. taxable at 15%.
Tax on Short Term Capital Gain on Listed Securities-Section111A
a) Applicability: All Assesses
b) Source of income:
- Income from Short term Capital Gains from an Equity shares of a company or unit of an Equity oriented fund.
- The transfer has been effected on or after 1-10-2004.
- Such transaction is liable for Securities Transaction Tax.
c) Rate of Tax: 15% of Short Term Capital Gain.
a) Non-applicability: For Non-resident, the basic exemption is not available for securities u/s 111A
Long Term Capital Gain: 20% of Long Term capital Gain.
