Stcg on sale of property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 April 2017 Dear Experts, it has been STCG of 64890/- on sale of property. pls clarify weather this Gain of 64890 will be taxed @15% or it will be taxed slab wise i.e. 10% 20% 30% as applicable on assessee? Thanks & Regards VIPRA JAIN

CA Shubhanshu Jain

CA Shubhanshu Jain (Expert)
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24 April 2017 Only those Short term capital gains which arise on sale of listed securities (i.e securities on whose sale security transaction tax is charged) are taxable under section 111A @ 15%, other than that all short term capital gains are taxable slab wise.

Since in above scenario short term term capital gains arise from sale of property which don't comes under purview of listed securities hence STCG of Rs. 64,890 will be taxed slab wise.

I hope this will clear your query

Querist : Anonymous

Querist : Anonymous (Querist)

24 April 2017 sir in case if on sale of listed securities No STT is charged Then will it be taxed as per slab wise or still 15%

CA Shubhanshu Jain

CA Shubhanshu Jain (Expert)
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24 April 2017 If STT is charged then only 15% tax rate is applicable in other cases slab wise rates are applicable

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