i had got a profit Short term capital gain of Rs.14000 via IPO My income after deduction is 473000 should i add profit to my income or i want to pay any tax for Profit through IPO
Summary: Profits from IPO shares are treated as capital gains. If sold within 12 months (common for listing gains), they are taxed at a flat 20% (plus cess/surcharge). If held for over 12 months, they are taxed at 12.5% on gains above the ₹1.25 lakh annual exemption limit. Always report these in your ITR under Schedule CG.
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