HI
Plz tell me the effective rate of income tax of STCG nd LTCG on sale of shares.
effective rate includes surchareg nd edu. cess
thx
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EFFECTIVE RATE OF TAX
Replies (5)
Pl. tell me the stastus of Assessee like co. firm or individual
LTCG is exempted
STCG @ 11.33%
HI
If shares are sold through exchange and it is STCG then TDS @ 10% plus education cess @ 3% of tax (surcharge is 10% of tax if sales amount is more then Rs 10 lacs in case of individula). LTCG is exempted
It is not TDS it is Income Tax rate.
AS PER SEC 111A FOR STCG IF OF LISTED CO. SOLD THROUGH RECOGNISED EXCHANGE AND STT PAID THEN TAXES @ 11.33% , IF NOT SOLD THROUGH RE . EXCHANGE AND STT NOT PAID TAXED @ 33.99%.
IN CASE OF NON LISTED CO. STCG WILL BE TAXED AT 33.99%.
PL CORRECT IF I AM WRONG.THANKS
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