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Short term capital gain calculation

see lee (Student) (102 Points)

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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7 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 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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Radhey Shyam Jha (Student) (1616 Points)
Replied 01 August 2023

It's Sale Consideration

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 01 August 2023

Sale consideration is sale value

sabyasachi mukherjee (27762 Points)
Replied 01 August 2023

Wrong section quote it is 112AA

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 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).