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Short Term Capital Gain

This query is : Resolved 

03 July 2010 Rate of tax applicable on Short Term Capital Gain (FY 2009-10 & 10-11). under 2 circumstances 1. Where the assessee does not have income from any other sources? 2. where the assessee is in highest tax bracket. Assessee being an Individual.

03 July 2010 1. - NIL if the income including short term does not exceed the basci exemption limit. Otherwise - 15% + 3% Education Cess

2. Still 15% + 3% education cess. Effective tax rate = 15.45%.



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