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Capital gain on sale of Rights Entitlements

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Lekshmi Narayanan

23 Points Posted on 21 August 2021

Will the short term capital gains on sale of Reliance rights (RELIANCE RE) be taxed at slab rate or at 15%?

Replies (3)

Quick Summary

This discussion clarifies the tax treatment for short-term capital gains arising from the sale of Reliance Rights Entitlements (RE). Specifically, it addresses whether these gains are taxed at the individual's slab rate or a flat 15%. The consensus is that if Securities Transaction Tax (STT) was paid on the transaction, the gains are taxed at the lower 15% rate.