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3 days ago · Short-term capital gains tax in India for NRIs (Non-Resident Indians) is levied at 15% on gains from the sale of equity shares or equity-oriented mutual funds, as per Section 111A of the Income Tax Act.
Short-term capital gain tax (STCG) is a tax imposed on capital gains from the sale of an asset held for a short period. Know more about its calculations, tax liabilities, implications, etc.
Section 111A of Income Tax Act: Equity stocks invested on a listed recognized stock exchange having a holding period of more than 12 months are considered short term capital gains.
Jun 27, 2024 · Such capital gains are taxable in the year in which the transfer of the capital asset takes place. This is called capital gains tax. There are two types of Capital Gains: short-term capital gains (STCG) and long-term capital gains (LTCG).
Short-term equity gains on shares are taxed under Section 111A of the Income Tax, 1961. This section gives the tax liability on gains from equity shares along with equity-oriented mutual funds, business trust units, etc. sold through a recognised stock exchange on or before 1st October 2004.
Feb 15, 2024 · Learn about short term capital gains tax under Section 111A: rates, exemptions, rebates, and conditions for applicability. Maximize tax benefits on equity investments.
Jun 10, 2022 · Capital gain arising on sale of short-term capital asset is termed as short-term capital gain and capital gain arising on transfer of long-term capital asset is termed as long-term capital gain. However, there are a few exceptions to this rule, like gain on depreciable asset is always taxed as short-term capital gain.
Jun 26, 2024 · Tax Rate on Short-term Capital Gain from Shares. Under section 111A of the Income Tax Act, 1961, a 15% tax rate is applicable on short-term capital gain tax on listed equity shares, excluding surcharge + cess. Slab rate will be applicable on other short term assets.
Jun 26, 2024 · Short-term capital gains (STCG) are subject to taxation at your income slab rate, similar to regular income. This has the potential to push you into a higher tax bracket, significantly impacting your investment returns. Long-term capital gains (LTCG), on the other hand, enjoy more favorable tax rates, contingent on the type of asset.
STCG Under Section 111A. A rate of 15% will be charged as income tax on short-term capital gain on shares that fall under this category. They would further attract surcharge and cess wherever applicable. Here are a few examples of the STCG that are covered under Section 111A–.
