please tell me what is the STCG rate
13 Replies
chetan Loknathka
(student)
(102 Points)
Replied 24 June 2010
stcg is taxble @ as a normal rate. if stcg is 115 then tax rate 15%
Nitin Grover
(CS)
(1228 Points)
Replied 24 June 2010
hi
its 15% on above income part after adjusted within basis tax free limit.
Regards
RONIL
(ARTICLESHIP. PCC may 10)
(34 Points)
Replied 24 June 2010
15% is for sec 111A STCG i.e on Shares and for other it is taxed @ normal rate
saranraj
(CA FINAL)
(419 Points)
Replied 24 June 2010
Agree with Mr.Ronil....Friends kindly go through the section 111A for applicability of 15%
CA. Rohit Vishambhari, Vns.
(Chartered Accountant)
(150 Points)
Replied 24 June 2010
If the short term capital gain is covered by the provisions of section 111A (for equity shares/equity oriented mutual fund), then the same shall be charged at the flat rate of 15% otherwise the same shall be taxed as the normal income and shall be chargeable to tax using the normal slab rate of tax.
Ok.
manisha ahuja
(article clerk)
(147 Points)
Replied 24 June 2010
15%
for listed shares
rest f items like jwellery or land nt held fr more den 3 yrs wud b taxed at slab rates
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 24 June 2010
STCG u/s 111A @ 15% (on which Securities Transaction Tax is paid)........
on other assets @ normal slab rate.........
Sandeep Arora
(Learner)
(139 Points)
Replied 25 June 2010
Short term capital gain will be taxed @ 30% i.e normal if capital assest is held upto the period of 36 months.
However, where the capital asset is listed shares and hold upto the period of 12 months then tax rate would be applicable @ 15% under section 111A.
SIDHARTH DHIR
(senior articled assistant)
(623 Points)
Replied 25 June 2010
it is also said that under new Direct tax code LTCG & STCG WILL BE SAME RATE....
ABHISHEK ADITYA
(CA Final 1st group cleared)
(213 Points)
Replied 25 June 2010
TAX RATE ON STCG IS 15%
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