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Short term capital gain calculation

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Student
102 Points Posted on 01 August 2023

For calculation of short term listed equity shares and units of equity oriented mutual Fund,sale consideration is sale value or FMV?

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On 01 August 2023 at 07:56 Report
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Chartered Accountant
24588 Points Posted on 01 August 2023
Section 111A @ 15% of STCG on sale of short term listed equity shares and equity oriented funds.. sales consideration is the actual sales value
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On 01 August 2023 at 08:12
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Student
1628 Points Posted on 01 August 2023
It's Sale Consideration
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On 01 August 2023 at 08:19
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"Do the Right Thing...!!!"
128152 Points Posted on 01 August 2023
Sale consideration is sale value
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On 01 August 2023 at 11:47
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Profession Business
28207 Points Posted on 01 August 2023
Wrong section quote it is 112AA
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On 01 August 2023 at 13:40
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Chartered Accountant
24588 Points Posted on 01 August 2023
Section 111A is applicable in case of STCG arising on transfer of equity shares through recognised stock exchange and such transaction is liable to securities transaction tax. STCG covered under section 111A is charged to tax @ 15% (plus surcharge and cess as applicable).
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On 01 August 2023 at 16:44
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Profession Business
28207 Points Posted on 01 August 2023
I hv overlooked short term capital gain . sec 112aa is fir long term capital gain.
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On 01 August 2023 at 22:23
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Chartered Accountant
24588 Points Posted on 02 August 2023
Yes section 112A is for LTCG
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On 02 August 2023 at 07:24


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