Tax on short term capital gain


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Querist : Anonymous

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Querist : Anonymous (Querist)
10 February 2010 Salaried employee (man)having interest income earn some short term capital gain on shares. Please advice is this short term capital gain is taxable at 15% (special rate) or will be taxed at normal slab rate applicable to individual (man).

10 February 2010 If STT is paid on share transactions,profit arising from such transactions is taxable at 15% otherwise taxable @ 30%

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 February 2010 Thanks a lot Lalit


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