What's rate of tax on income from equity share ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 January 2016
I want to know the rate of tax on income from equity share & exemption on there it ?
20 January 2016
Dividends are exempted u/s 10(34) and dividend distribution tax is payable by the company u/s 115-O;
In case of listed shares and STT is paid: Long term capital gains are exempted u/s 10(38); STCG are taxable @ 15% u/s 111A.
In case of unlisted shares: Long term capital gains are taxable u/s 112; STCG are taxable at normal rates.
In case of listed shares and STT is paid: Long term capital gains are exempted u/s 10(38); STCG are taxable @ 15% u/s 111A.
In case of unlisted shares: Long term capital gains are taxable u/s 112; STCG are taxable at normal rates.
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