Sec 112A

Indirect Taxation

LTCG on Sale of Equity Share on which STT is paid (transaction through recognised stock exchange) Case 1: Rs.80,000 - Tax is nil Case 2: Rs. 2,50,000 - Taxed @ 10% on Rs.1,50,000 Am I right?

Soon to be CA

CA Inter

★ 4K+

28-Aug-23 07:56

472

Answers (5)

correct, after exemption of 1lac taxable @10%

Yogesh S

CA Final

★ 125

28-Aug-23 08:41

Right. Note: In case of equity shares stt to be paid at the time of purchase and sale .

Lokesh Sirigiri

CA Inter

★ 25

28-Aug-23 08:44

Lokesh Sirigiri

Right. Note: In case of equity shares stt to be paid at the time of purchase and sale .

If paid only at the time of purchase & not during sale & vice versa It would be taxed at a general rate of 20% , right?

Thread Starter

Soon to be CA

CA Inter

★ 4K+

28-Aug-23 09:09

Ye you are right. Provided STT is paid at the time of purchase and sale.

Shiva Teja

Faculty

28-Aug-23 15:03

Shiva Teja Faculty

Ye you are right. Provided STT is paid at the time of purchase and sale.

Thank you Sir

Thread Starter

Soon to be CA

CA Inter

★ 4K+

28-Aug-23 15:24

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Sec 112A

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