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TAX ON SALE OF EQUITY SHARES
what's the tax implications on sale of equity shares for short term and long term
Replies (3)
STCG on share recognized in Stock Exchange @ 15% (Sec 111A )
Otherwise taxable @ normal tax rate .
Important Note : Maximum Surcharge applicable to CG u/s 111A or 112A is @ 15 % , if applicable irrespective of Total Income
IS THERE ANY CONDITION OF TAX ON INCOME ABOVE LIKE THAT
YES sec 111A has conditions
specified securities (listed shares/ equity oriented units / units of Business Trust )
STT has been paid at the time of purchase and sale (with some exceptions)
then only STCG shall be chargeable to Tax @ 15%
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