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??
Replies (4)
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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details