What is the short term capital gain rate for those other than Sec 111a ??
it is mentioned in books that it is "normal rate" ! What rate is it?
6 Replies
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 27 October 2009
normal rate for stcg currently is 15% + 3% e.c
Udhins
(Chartered Accountant)
(113 Points)
Replied 28 October 2009
But 15% is for Sec 111a short term securities and financial assets?
But it is said there is said other st assets are valued at higher rates which is "normal rates" I hav a doubt as to is it 30%?
ashish gupta
( student)
(1922 Points)
Replied 28 October 2009
Yes it is taxed at normal rates which means that the stcg will be added in the total income and the tax will bw charged at the total income according to the slab rates whichever will be applicable
Dharmesh k. Dubey
(Student)
(188 Points)
Replied 28 October 2009
STCG other than 111A are taxed at normal slab rates applicable to the assesse after taking the STCG into consideration.
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