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What is Short-Term Capital Gains Tax Overview about?

Section 111A of the Income Tax Act, 1961, addresses the taxation of short-term capital gains (STCG) from the sale of listed equity shares, equity-oriented mutual funds, or business trusts where Securities Transaction Tax (STT) is paid. The tax rate for STCG is set at 15% for transactions before July 23, 2024, and will increase to 20% thereafter, with no deductions allowed under Chapter VI-A. Recent amendments aim to align capital gains tax rates with other income categories and enhance government revenue wh

Author

tanishapromax

Language

EN