Need to know about capital gain tax from sharemarket.
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Quick Summary
This discussion clarifies Capital Gains Tax (CGT) on shares traded on the Indian stock market. It details the tax implications for Long-Term Capital Gains (LTCG) under Section 112A, which is taxed at 10% above ₹1,00,000, and Short-Term Capital Gains (STCG) under Section 111A, taxed at 15%. Other LTCG is subject to a 20% tax rate.