Long term & short term capital gain
This query is : Resolved
22 June 2010
Dear, sir \Madam.
i want ro know, what is the current rate of tax (long & short) on capital gain of security?
Thanks.
i want ro know, what is the current rate of tax (long & short) on capital gain of security?
Thanks.
22 June 2010
STCG - as per section 111A, short term capital gains arising from the transfer of any equity share of a company or a unit of an equity oriented fund shall be taxed at a flat rat of 15% w.e.f. asst. year 2009-10 (earlier rate was 10%) , provided the transaction of sale is subject to STT. The concessional rate will apply to all assessees including non residents and FIis. However in case of a resident individual or HUF if the total income is less than maximum amount not chargeable to tax, then such short term capital gains shall be reduced by the amount by which the total income as so reduced falls short of the maximum amount which is not chargeable to income tax on the balance of such STCG shall be computed at the applicable rate mentioned above.
22 June 2010
LTCG - 20%.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Appointment of Auditor By Form ADT-1
- RCM and same line
- ARCA LOGIN
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Closer of business and itc of capital goods
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
