Short-term capital gains tax on equity-linked transfers applies under a concessional regime with STT-linked exceptions and deduction limits. Short-term capital gains from equity shares, units of equity-oriented funds, or units of a business trust attract a special concessional tax regime when the transaction is subject to Securities Transaction Tax. Resident individuals and Hindu undivided families may use the basic exemption limit against such gains where other income falls below the exemption threshold, while Chapter VIII and Chapter VI-A deductions are restricted. The text also notes an IFSC foreign-currency exception, a carve-out for certain business trust units, and the treatment of specified ULIPs as equity-oriented funds for this purpose.
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.
Provisions expressly mentioned in the judgment/order text.
Short-term capital gains tax on equity-linked transfers applies under a concessional regime with STT-linked exceptions and deduction limits.
Short-term capital gains from equity shares, units of equity-oriented funds, or units of a business trust attract a special concessional tax regime when the transaction is subject to Securities Transaction Tax. Resident individuals and Hindu undivided families may use the basic exemption limit against such gains where other income falls below the exemption threshold, while Chapter VIII and Chapter VI-A deductions are restricted. The text also notes an IFSC foreign-currency exception, a carve-out for certain business trust units, and the treatment of specified ULIPs as equity-oriented funds for this purpose.
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