what is the tax rate on short term capital gain on which STT has not been charged?

Question

stt:securities transaction tax

Answer 1

Short term STT paid shares is 10% flat. Other short term capital gains has no fixed tax rate and the gains will be added to your regular incomes namely salary, income from house property, Income from other source. On the total income you have to pay tax as per slab rate.

Answer 2

tax rate short term capital gain on which STT is not charged is- such STCG will be added in Normal income like salary, House property, Business and profession and then will taxed at these rates
on first 100000 Nil
on next 50000 10%
on next 100000(up to 250000) 20%
on balance(above 250000 income) 30%



If STT charged on such STCG then tax u/s 111A is 10% flat rate

Answer 3

one 12 months is 12 months for long term capital earnings era - purchase date to disposal date (not something to do with calender or financial 12 months) If capital earnings is after protecting of secure practices for >12 months - NO TAX If earnings is accrued interior of 12 months - short term capital beneficial properties tax = 10% of earnings over & above STT. Any dividend won from indexed corporation is exept from Tax as additionally all dividends won from MFs.

Answer 4

It will be added to yournormal income and willbe taxed according to applicable incometax slab.

Answer 5

15%

Answer 6

Mr. Reddy is right.


CA. Deepak