Rate of income tax payable for short term capital gain in 2017-2018 in equity

Tax queries 106 views 1 replies

I purchased some equity mutual fund units in 2017-2017 and sold in 2017-2018. Since the units were sold within one year of purchase, I guess STCG tax is to be paid. What was the applicable rate for the same?

Replies (1)
Short-term gains from equity funds, if the units are redeemed before 12 months, are taxed at the rate of 15% section 111A


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