28 March 2009
STCG GAIN IS SHORT TERM CAPITAL GAIN OTHER THAN SHARES WHICH ARE LISTED IN STOCK EXCHANGE SHARES WHICH ARE LISTED IN STOCK EXCHANGE & SOLD WITH IN ONE YEAR THEN SEC 111A IS APPLICABLE OTHER ASSETS WHICH ARE SOLD WITH IN THIRTY SIX MONTH FROM THE DATE OF PURCHASE ARE CALLED SHORT TERM CAPITAL GAIN LIKE LANT SHOP PLOT JEWELERY
28 March 2009
STCG u/s 111A is short term gain on shares and securities on which STT have been paid for trnasfer, they are taxable @ 15%. all other STCG are taxable as per normal slab rate
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