Stcg on sale of property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2017
Dear Experts,
it has been STCG of 64890/- on sale of property. pls clarify weather this Gain of 64890 will be taxed @15% or it will be taxed slab wise i.e. 10% 20% 30% as applicable on assessee?
Thanks & Regards
VIPRA JAIN
24 April 2017
Only those Short term capital gains which arise on sale of listed securities (i.e securities on whose sale security transaction tax is charged) are taxable under section 111A @ 15%, other than that all short term capital gains are taxable slab wise.
Since in above scenario short term term capital gains arise from sale of property which don't comes under purview of listed securities hence STCG of Rs. 64,890 will be taxed slab wise.
I hope this will clear your query
Since in above scenario short term term capital gains arise from sale of property which don't comes under purview of listed securities hence STCG of Rs. 64,890 will be taxed slab wise.
I hope this will clear your query
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2017
sir in case if on sale of listed securities No STT is charged Then will it be taxed as per slab wise or still 15%
24 April 2017
If STT is charged then only 15% tax rate is applicable in other cases slab wise rates are applicable
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