Short term capital gain rates to a foreign trust

Tax queries 963 views 2 replies

Hi all,

We have a small query on the Short Term Capital Gains as below?

If a Foreign Trust is selling its securities of an INDIAN COMPANY (Share of M/s.X Co.) to another INDIAN COMPANY, does it would attract  Short Term Capital Gains (assuming the shareholiding is less than 6 months).

If yes, what is the rate of tax that it needs to be calculated. Does the trust has to voluntarily declare this income and pay as self assessment tax while filing the ROI.

Thanks and Best Regards,

Srihari.K

Replies (2)

taxability depends upon the treaty with the country of the trust.. for tax rate if it is covered by 111A then 15 % otherwise normal rate

I have invested in mutual fund for reputed Private sector bank in SIP Basis in 1 year so what about tax effect on the redemption time (after 1 year) and if tax apply it how we calculated in the computation of income


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