For calculation of short term listed equity shares and units of equity oriented mutual Fund,sale consideration is sale value or FMV?
7 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 01 August 2023
Section 111A @ 15% of STCG on sale of short term listed equity shares and equity oriented funds.. sales consideration is the actual sales value
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 01 August 2023
Sale consideration is sale value
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 01 August 2023
Section 111A is applicable in case of STCG arising on transfer of equity shares through recognised stock exchange and such transaction is liable to securities transaction tax. STCG covered under section 111A is charged to tax @ 15% (plus surcharge and cess as applicable).
sabyasachi mukherjee
(27574 Points)
Replied 01 August 2023
I hv overlooked short term capital gain . sec 112aa is fir long term capital gain.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 August 2023
Yes section 112A is for LTCG
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