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

Sansari P (6 Points)

12 August 2020

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3 Replies

Sakshi Shah (12 Points)
Replied 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)
Replied 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.