28 July 2022
If you have sold through any exchange, where STT is levied by exchange, then the short term is charged at 15% of gain (sec. 111A of IT act.) While Debt-oriented mutual funds and preference shares, however, do not fall under the purview of Section 111A. In this case, the income from the sale of the funds or shares will be added to the regular income of the owner and taxed according to normal individual slab rate.
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