Tax
This query is : Resolved
23 July 2014
What's short term capital gain.and how much percent are charged for capital gain
23 July 2014
Short term Capital gains, if the assets like shares and securities, are held by the assessee for a period not exceeding 12 months
or
36 months in the case of other assets.
Under Section 111A:
Short term capital gains arising on transfer of Equity Share or Units of an Equity Oriented Mutual Fund would be taxable @ 15%.
In any Other Case:
The Short term capital gains shall be computed after including same in Total Income and charging Tax as per assessee specific Slab Rates.
or
36 months in the case of other assets.
Under Section 111A:
Short term capital gains arising on transfer of Equity Share or Units of an Equity Oriented Mutual Fund would be taxable @ 15%.
In any Other Case:
The Short term capital gains shall be computed after including same in Total Income and charging Tax as per assessee specific Slab Rates.
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