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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Short term capital gain calculation
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Section 111A @ 15% of STCG on sale of short term listed equity shares and equity oriented funds.. sales consideration is the actual sales value
It's Sale Consideration
Sale consideration is sale value
Wrong section quote it is 112AA
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).
I hv overlooked short term capital gain . sec 112aa is fir long term capital gain.
Yes section 112A is for LTCG
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