Capital Gain tax rates
This query is : Resolved
22 January 2011
What are the income tax rates for Capital gain tax with indexation and if calculated without indexation for both long term and short term for FY -2010-11
Aditya Maheshwari
(Expert)
22 January 2011
No indexation available in case of Short Term.
Tax on STCG if STT paid on sale of shares then 15% otherwise taxed at slab rates
LTCG on which STT is paid is exempt from tax u/s 10(38)
LTCG is respect others and other non listed securities on which STT is not paid is taxable @ 20%
Tax on STCG if STT paid on sale of shares then 15% otherwise taxed at slab rates
LTCG on which STT is paid is exempt from tax u/s 10(38)
LTCG is respect others and other non listed securities on which STT is not paid is taxable @ 20%
22 January 2011
Is there any provision if i want to pay LTCG calculated without Indexation?
Aditya Maheshwari
(Expert)
22 January 2011
Yes in case of sales of listed securities on which STT is not paid the LTCG will be calculated @ 10% without indexation and 20% with indexation.
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