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What is the tax on short term capital gains ? mainly Equitys

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Sansari P

6 Points Posted on 12 August 2020

What is the tax on short term capital gains ? mainly Equitys

Replies (3)

Quick Summary

This discussion clarifies the tax implications for short-term capital gains (STCG) on equity investments. If treated as capital gains income, STCG is taxed at 15% under Section 111A. Long-term capital gains (LTCG) are taxed at 10% on amounts exceeding INR 1 lac under Section 112A. However, if equity trading is classified as business income, it will be taxed according to your individual slab rates.

Sakshi Shah

12 Points Posted on 13 August 2020

If trading in equity delivery is considered a capital gains income, here are the tax rates:
STCG - 15% under Section 111A
LTCG - 10% in excess of INR 1 lac under Section 112A
If trading in equity delivery is considered a business income, it is taxable at slab rates.

Ravi SADhiyan

Practice

4510 Points Posted on 13 August 2020

Originally posted by : Sakshi Shah
	If trading in equity delivery is considered a capital gains income, here are the tax rates: STCG - 15% under Section 111A LTCG - 10% in excess of INR 1 lac under Section 112A If trading in equity delivery is considered a business income, it is taxable at slab rates.