Tax on short-term capital gains: separate concessional computation for equity-linked transfers, with resident relief and IFSC carve-out. Where total income includes short-term capital gains from transfer of an equity share, a unit of an equity oriented fund, or a unit of a business trust and the sale is chargeable to securities transaction tax, tax is the aggregate of income-tax on those short-term capital gains at the concessional rate and income-tax on the balance of total income treated as the taxpayer's total income; special reduction applies for resident individuals and HUFs if the balance falls below the basic exemption limit, with carve-outs for IFSC foreign-currency transactions and Chapter VIII deduction sequencing.