Capital gain
This query is : Resolved
22 February 2012
What is the rate of Tax on Capital gain
and what is rate of surcharge Tax on Capital Gain
and what is rate of surcharge Tax on Capital Gain
22 February 2012
Surcharge is NIL and is applicable only in case of domestic and foreign co. if net income exceeds 1 crore.However education cess is applicable.
If Equity shares or equity oriented mutual fund is sold on or after 1.10.2004 and STT is levied on the same then if it is LTCG then it is exempt and if it is STCG then the tax rate is 15% +EC.
For any other listed security/share / units on which STT is not paid LTCG is 10% without indexation and 20% with indexation. STCG is taxed at normal rates as per the slab applicable to the assessee.
For unlisted shares/security LTCG is taxed @ 20% and STCG is taxed as per the slab of the assessee.
If Equity shares or equity oriented mutual fund is sold on or after 1.10.2004 and STT is levied on the same then if it is LTCG then it is exempt and if it is STCG then the tax rate is 15% +EC.
For any other listed security/share / units on which STT is not paid LTCG is 10% without indexation and 20% with indexation. STCG is taxed at normal rates as per the slab applicable to the assessee.
For unlisted shares/security LTCG is taxed @ 20% and STCG is taxed as per the slab of the assessee.
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