What is the short term capital gain rate for those other than Sec 111a ??
it is mentioned in books that it is "normal rate" ! What rate is it?
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capial gain
Replies (6)
normal rate for stcg currently is 15% + 3% e.c
Agree with Dhiraj, its 15%
But 15% is for Sec 111a short term securities and financial assets?
But it is said there is said other st assets are valued at higher rates which is "normal rates" I hav a doubt as to is it 30%?
Yes it is taxed at normal rates which means that the stcg will be added in the total income and the tax will bw charged at the total income according to the slab rates whichever will be applicable
Sorry...
I didnt see that stcg was other than sec 111A.. In this case the STCG will be added to the total income and accordingly taxed at normal slab rates.
STCG other than 111A are taxed at normal slab rates applicable to the assesse after taking the STCG into consideration.
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