Short Term Capital Loss

yes

STCG from Sale of listed securities i.e, 111A are taxable at special rate (15% from AY 2009-10), whereas STCG other than 111A is taxable as per slab rate....

Then why????

Mr. Rakesh

Tax on STCG : The Provision of Sec. 111A is applicable from the A.Y. 2005-06,  taxable at special rate of tax. This sec. includes 2 points

1. The capital assets i.e. equity shares or units of equity oriented mutual funds  on which STT has been charged

2. No deduction is allowable under chapter VIA i.e.. u/c 80C to 80U.

Whereas other STCG on capital asset is not coming under above provisions, hence it is charged at slab rate of tax.

Surana from Chennai