Capital gain

Both Equity and Debt will attract Capital gain tax on transfer.

But If  Equity shares sold through stock exchange on payment of STT and those shares held by more than 36 months( Long term capitalgain) , Then No capital gain will arise.

Hi C Venkata subramanian,

Both will attract taxation. However depending on the type of security (listed or unlisted), transaction type (STT paid or STT unpaid), period of holding (Long term or Short Term) they may be eligible for certain exemptions(Ex-section 10(38)), deductions (ex- indexation benefit) or differential rate of tax (Ex- Section 111A).

Further, they may also be subjected to exemption based on the usage of sales proceeds (Ex- 54F exemption).

I suggest you read Section 10(38), Section 111A, Sec 112 and also Section 54F for better understanding!!

Regards,

CA Hariprasad Nayak

Agreed with Mr. Reddy & Mr. Nayak

Thank You CA Hariprasad Nayak for your suggested reply, I would go through the suggested sections as mentioned by you