tax rate on short term capital gain
This query is : Resolved
30 January 2010
At what rate short term capital gain will be taxed(under which section, in case a non-resident Indian sale listed shares in unrecognized stock exchange?
01 February 2010
Section 111A is applicable for STCG on shares, rate is 15% of STCG.
However, in the case of Non-Resident you will have to take care of FIRST PROVISO oF SECTION 48 also.
Regards!!!
However, in the case of Non-Resident you will have to take care of FIRST PROVISO oF SECTION 48 also.
Regards!!!
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