Sale on share..

if share sale - profit on long term share are taxable for Fy 20-21??

profit on short term on share are taxable for FY 20-21??
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Quick Summary
This discussion clarifies the taxability of profits from share sales for the Financial Year 2020-21. It confirms that both short-term and long-term capital gains on shares are taxable. The rates for long-term capital gains are 20% with indexation or 10% without, while short-term capital gains are taxed at 15%, provided Securities Transaction Tax (STT) was paid.

Yes, u/s,111A of IT act, when STT paid.

For LTCG rate is 20% with indexation and 10% without indexation.

For STCG rate is 15%
Tax levied even basic limits of tax does not exceed
Not levied basic exemption reduced from capital gain

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