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capital gains urgent pls

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(Querist)
10 September 2010 if a plot of land is sold. And the gains on the land is short term. At what rate is it chargeable to tax ?
Thanks
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CMA. Dinesh S Adhikari, ACMA

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CMA. Dinesh S Adhikari, ACMA (Expert)
10 September 2010 Dear Ashay,

In this case STCG will be chargeable from normal rate of taxes.

Please note that 15% rate on STCG applicable only on Equity Shares transferred not on any other STCG.

Regards!!!
Dinesh S. Adhikari
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
10 September 2010 at normal slab rates applicable.
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