Short-term capital gains tax on listed equities applies where STT is charged, with basic exemption adjustment for residents. Short-term capital gains from transfer of listed equity shares, units of an equity-oriented fund or units of a business trust are taxable under Section 111A only where the transaction is chargeable to Securities Transaction Tax; resident individuals and HUFs may reduce such gains by any unexhausted basic exemption limit (not available to non-residents), Chapter VIA deductions are disallowed for STCG under section 111A, and IFSC transactions in foreign currency may fall within section 111A even if STT is not paid.