Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Short-term capital gains tax on equity transactions: separate tax computation applies with special resident exemption and IFSC exception. Short-term capital gains from transfer of equity shares, units of equity oriented funds or business trusts that are chargeable to securities transaction ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Short-term capital gains tax on equity transactions: separate tax computation applies with special resident exemption and IFSC exception.
Short-term capital gains from transfer of equity shares, units of equity oriented funds or business trusts that are chargeable to securities transaction tax are subject to a separate tax computation: tax on those gains is calculated at the prescribed rate and aggregated with tax on the remaining income, with a resident individual/HUF adjustment reducing such gains to the extent of the basic exemption shortfall. Transactions on a recognised stock exchange in an International Financial Services Centre settled in foreign currency are excluded from the STT condition, and Chapter VI-A deductions apply after excluding these capital gains from gross total income.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
