capital gain on listed shares

[Canara Bank]

How to calculate the capital gain on listed shares (section 112A) as per the present provisions of Income Tax Act

[SIVARAMA KUMAR]

LTCG In excess of 1,00,000/- on sale of listed shares on which STT paid or exempted is taxed at 10% .

AI Summary

Financial Institution Seeks Guidance on Calculating Capital Gains for Listed Shares Under Section 112A, Taxed at 10% for Gains Over 1 Lakh INR. A query was raised by a financial institution on how to calculate capital gains on listed shares under section 112A of the Income Tax Act. The response provided clarified that long-term capital gains (LTCG) exceeding 1,00,000 INR from the sale of listed shares, where Securities Transaction Tax (STT) has been paid or is exempt, are taxed at a rate of 10%.