Short term capital gain
This query is : Resolved
seema singla
(Querist)
19 June 2009
An assessee earned a short tem capital gain of Rs.600000 during the last year. I want confirmation regarding rate of tax on it. It will be 15% or normal rate of tax will be applicable.
If normal rate of tax is applicable, then 15% is applicable on what type of short term gain.
If normal rate of tax is applicable, then 15% is applicable on what type of short term gain.
Manmohan ACA, CS
(Expert)
19 June 2009
% rate is applicable on STCG u/s 111A on which STT paid w.e.f. AY 2009-10 (PY 2008-09)
all other STCG taxable @ normal slab
all other STCG taxable @ normal slab
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