Under the Income-tax Act, 2025, the rate of tax leviable on STCG arising from transfer of equity shares…
The applicable rate is 20%. This special rate applies to the specified short-term capital gains when the sale is chargeable to securities transaction tax.
Choose your answer
Under the Income-tax Act, 2025, the rate of tax leviable on STCG arising from transfer of equity shares of a company or units of an equity oriented fund, where the sale transaction is chargeable to securities transaction tax, is:
Answer and explanation
Correct answer C
The applicable rate is 20%. This special rate applies to the specified short-term capital gains when the sale is chargeable to securities transaction tax.
Practice for these exams
-
Telangana SET (TG SET)