capital gain on listed equity share which is purchase on month of apr-19 and sales on month of oct-2020.
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Quick Summary
This discussion clarifies the capital gains tax rates for listed equity shares purchased in April 2019 and sold in October 2020. Short-term capital gains on listed shares subject to STT are taxed at 15% under Section 111A of the Income Tax Act. Long-term capital gains exceeding £1 lakh are taxed at 10%. The post also touches on previous exemptions under Section 10(38) and the distinction between short-term (within 12 months) and long-term (over 12 months) gains, including calculation methods.
LONG TERM CAPITAL GAINS ARE TAXED @ 10% IN EXCESS OF RS.1 LAKHS . PREVIOUSLY any Long term capital gain taxed if purchased and listed in recognized stock exchange . It was exempted u/sec 10(38). only stt tax is applicable.
When you sold a listed equity share with in 12 months then it becomes short term capital gain when you sold after 12month or more to it then it becomes long term short term capital gain arrived by sales price minus expenses minus purchase price they are taxed @ 15 % with 4%cess if there's is gain and if there's is adjustment long term capital gain calculation depends upon many factors suppose for indextion then sales value minus cost of acquisition indexing minus cost of asset improvement indexing minus expenses they are taxed if above or over 1 lakhs @ 10% plus 4%