TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Computation of tax on securities transaction-taxed short-term capital gains under Section 111A with basic-exemption offset</h1> Where an assessee's total income includes short-term capital gains from transfer of equity shares, units of an equity-oriented fund or units of a business trust that are subject to securities transaction tax, tax is computed as the sum of tax on those short-term gains (15% for transfers before 23 July 2024; 20% for transfers on or after that date) and tax on the balance of income computed as if that balance were the total income. Resident individuals/HUFs get relief by offsetting the basic exemption limit against such gains. Transactions on a recognised IFSC stock exchange paid in foreign currency are excluded. Chapter VI-A deductions apply after excluding these gains.
TaxTMI 
TaxTMI 
