section 111A

As per income tax act, section 111 A is applicable on the capital gain arising out of transfer of shares or a unit equity oriented funds, and such shall be chargeable to tax at the rate of 15%.

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sec 111A of income tax deals with the taxability of short term capital gain arising from transfer shares or a unit of equity funds through a recognized stock exchange on which STT is charged at the time of such transfer.
the the income from such transfer is taxable at the rate of 15% subject to basic exemption limit