Short Term Capital Gain Dought

Hi,

I want to know whether 15% is applicable on sale of gala as short term capital gain

or in only sale of shares 15% is applicable...

today i done 1 income tax file in that sir has not septrely charges 15% on sale of gala..

so i am totally confused...

plese help me........

bhavik

Replies (6)

Pardon me.. Wat is gala btw..?

Originally posted by : LKR ~ A CA in Making!!

Pardon me.. Wat is gala btw..?
 

Gala is property name like one unit 

Any short term gain is taxed at 15% brother!!

If only there is STCG then u will get exemption upto below taxable limit!!

15% is not only applicable for shares but for all

Short term capital gain u/s 111A is taxable at the rate 15%... other short term capital gain is taxable as per normal slab rate.... 

@ anila : Thanks..........

@ Ankit: Thanks

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