InvestorQ : Can you throw some light on the actual tax rates applicable on different types of short term capital gains categories?
Anu Biswas made post

Can you throw some light on the actual tax rates applicable on different types of short term capital gains categories?

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Neelam Naik answered.
2 years ago
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STCG covered under section 111A is charged to tax @ 15% (plus surcharge and cess as applicable).

Normal STCG, i.e., STCG other than covered under section 111A is charged to tax at normal rate of tax which is determined on the basis of the total taxable income of the taxpayer. The gain in this case is not covered under section 111A and is normal STCG and, hence, will be charged to tax at normal rate applicable to the assessee. The normal rate applicable to the assessee will be determined on the basis of his total income.

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