What's rate of tax on income from equity share ?

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Querist : Anonymous

Querist : Anonymous (Querist)

18 January 2016 I want to know the rate of tax on income from equity share & exemption on there it ?

CA CMA CS Ram Pavan Kumar Melam

CA CMA CS Ram Pavan Kumar Melam (Expert)
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20 January 2016 Dividends are exempted u/s 10(34) and dividend distribution tax is payable by the company u/s 115-O;

In case of listed shares and STT is paid: Long term capital gains are exempted u/s 10(38); STCG are taxable @ 15% u/s 111A.

In case of unlisted shares: Long term capital gains are taxable u/s 112; STCG are taxable at normal rates.