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

Long-term capital gains on listed shares attract special tax treatment under section 112A where securities transaction tax is paid. Long-term capital gains on sale of listed shares where securities transaction tax has been paid are taxed under section 112A; gains are taxable only to the extent they exceed the specified exemption threshold and the taxable excess is charged at the concessional rate provided by that provision.