Capital gains

This query is : Resolved

Rekha Sai Teja (Querist)
Follow

03 January 2015 As per section 10(38), LTCG on transfer of Listed Shares subjected to payment of Securities transaction tax is EXEMPT..

My query ::

If Listed securities other than equity shares are sold.. then what is rate of Long term and short term capital gain??

and what section it involves..??

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

03 January 2015 Provided that in the case of share held in a company or any other security listed in a recognised stock exchange in India or a unit of the Unit Trust of India established under the Unit Trust of India Act, 1963 (52 of 1963) or a unit of a Mutual Fund specified under clause (23D) of section 10 or a zero coupon bond, the provisions of this clause shall have effect as if for the words "thirty-six months", the words "twelve months" had been substituted.

Rekha Sai Teja

Rekha Sai Teja (Querist)
Follow

03 January 2015 thank u sir..

ut i need rate of tax on sale of listed securities other than eqity shares

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
Follow

05 January 2015 STT is levied on only on equity share and equity oriented fund.
if STT is not levied it means that assessee is not eligible for exemption under section 10(38).
In that case tax will be levied at the rate of 20% under section 112.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rajasekar

Jayanti Visani

JACOB ABRAHAM KURIALANICKAL

Sneh Choraria

AJAY Kumar Agrawal

Subscribe Now

Capital gains

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA