Tax on short term capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 February 2010 Salaried employee (man)having interest income earn some short term capital gain on shares. Please advice is this short term capital gain is taxable at 15% (special rate) or will be taxed at normal slab rate applicable to individual (man).

Lalit

Lalit (Expert)
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10 February 2010 If STT is paid on share transactions,profit arising from such transactions is taxable at 15% otherwise taxable @ 30%

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Querist : Anonymous

Querist : Anonymous (Querist)

11 February 2010 Thanks a lot Lalit

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